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Studies in Optimization to Solve the Problems of Economics

Lagrange Multiplier Problems in Economics

Jezik EngleskiEngleski
Knjiga Meki uvez
Knjiga Studies in Optimization to Solve the Problems of Economics Pahlaj Moolio
Libristo kod: 06956976
Nakladnici LAP Lambert Academic Publishing, studeni 2011
The applications of optimization to economic problems have received considerable attention of schola... Cijeli opis
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The applications of optimization to economic problems have received considerable attention of scholars in recent decades. It refers to the selection of a best solution from a set of available alternatives. This study examines behavioral responses of consumers or firms when prices of inputs change. Specifically, the author minimizes the cost of a firm subject to output constraint, maximizes the output of a firm subject to budget constraint, maximizes the utility of an individual subject to multiple constraints assuming that during emergencies such as war or natural disaster consumers may pay for goods with money and surrender ration coupons, maximizes the utility of an individual subject to quadratic and cubic budget constraints encountered in daily life during quantity discounts offered by some markets/firms or quantity surcharge imposed by the regulation of governments, maximizes the output subject to nonlinear budget constraint assuming that firms get price discounts for purchasing larger quantities of inputs, and optimizes the social welfare of a community subject to utility maximization constraints and derives production functions in three commodity-three consumer economy.

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Informacije o knjizi

Puni naziv Studies in Optimization to Solve the Problems of Economics
Jezik Engleski
Uvez Knjiga - Meki uvez
Datum izdanja 2012
Broj stranica 148
EAN 9783848482726
Libristo kod 06956976
Težina 213
Dimenzije 150 x 220 x 8
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