1. It is used to determine how the optimal solution is affected by changes, within specified ranges, in the 2. What is sensitivity analysis? 3. How is sensitivity analysis helpful? 4. What do you need...

Extracted text: 1. It is used to determine how the optimal solution is affected by changes, within specified ranges, in the 2. What is sensitivity analysis? 3. How is sensitivity analysis helpful? 4. What do you need to use sensitivity analysis? 5. In your own understanding, why don't we just re-solve the model if there is a change? 6. How changes to any one of the objective function coefficients affect the optimal solution? 7. What is shadow price?