Suppose I have a Master Problem (MP) with several inequality constraints for the decision variables, e.g. $$\min c^Tx \quad \text{s.t.} \quad Ax \leq b, \quad \Vert x\Vert_1 \leq r, \quad x\geq 0.$$ Suppose the columns of $A$ are the vectors of the current basis matrix for the problem and we want to add a new column.
How should I calculate the reduced cost vector?
Attempt, calculate optimal $x^*$ for the basis $A$ and then define $\overline{c}_j = c_j - \pi_0 a_j - \pi_1$. Where $\pi_0$ corresponds to the constraint $Ax \leq b$ and $\pi_1$ corresponds to $\Vert x\Vert_1 \leq r$.