What is the significance of the feasible region in sensitivity analysis?
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The feasible region's significance in sensitivity analysis lies in its role as the set of all possible solutions, allowing analysts to assess how changes in coefficients or constraints affect the optimal solution's location within or on the boundary of this region.
The feasible region defines all possible solutions that meet constraints. It helps locate the optimal solution. It indicates safe boundaries for parameter changes. It visualizes the impact of changes on solutions. It's essential for ensuring viability in evaluations.