shadow price

English - Turkish

Definition of shadow price in English Turkish dictionary: (Ticaret) gölge fiyatı
shadow prices: gölge fiyatlar

English - English

Definition of shadow price in English English dictionary: for a constraint, the amount that the value of the objective function would change if the RHS value of the constraint was changed by one unit; the true social value of a resource; An economic term to denote the rate at which the optimal value changes with respect to a change in some right-hand side that represents a resource supply or demand requirement (This is sometimes taken as synonymous with the dual price, but this can be erroneous, as in the presence of degeneracy -- see marginal price ) Also see pricing; Price that would prevail after relaxing a transmission constraint; A "price" used in economic analysis to represent a cost or benefit from a good when the market price is a poor indicator of economic value or there is no market at all for that good

shadow price

Hyphenation

shad·ow price

şädō prays

/ˈsʜaˌdō ˈprīs/ /ˈʃæˌdoʊ ˈpraɪs/

History

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