User Account

All Pages

Individual optimization problem

Assignment Help Business Management
Reference no: EM131263484

A student wishes to minimize the time required to gain a given expected average grade, m, in her end-of-semester examinations. Let ti be the time spent studying subject i ∈ {1,2}.

Suppose that the expected grade functions are g1(t1) = 40+8√t1 and g2(t2) = 2t2.

Thus the individual's optimization problems is to choose t1 and t2 to minimize total studying time T = t1 + t2 subject to obtaining a mean grade of m where m - [g1(t1)+g2(t2)]/2 = 0

  • I need to write down the Lagrangian for the individual's optimization problem and solve for the optimal choices of t1, t2 and T in the case where the student wishes to obtain an expected mean grade of 70. So I think:

Min T(ti, t2) = t1 + t2

S.t. 20 + 4√t1 + t2 - m = 0

  • Check the second order conditions
  • How can the LM, λ*, be interpreted in this case?

Need help on this

Reference no: EM131263484

Questions Cloud

Why do executives and managers spend more time listening : Why do executives and managers spend more time listening than do workers? - What arguments could you give for or against the idea that body language is a science with principles that can be interpreted accurately by specialists?
How could they hide the true status of their project : Is it possible that a project manager or project sponsor might attempt to conceal bad news about an active project to keep it from being cancelled? How could they hide the true status of their project? What should happen if deception is uncovered?
What is your ethical responsibility : You're inclined to slump in your chair, slam your notebook down on the table, and stop taking notes. - What is your ethical responsibility? - What nonverbal message should you send?
Write a program in java to simulate routing using flooding : Time is discrete, with each line handling one packet per line interval. Make three versions of the program: All lines are flooded, all lines except the input lines are flooded, and only the statically chosen best k lines are flooded.
Individual optimization problem : Thus the individual's optimization problems is to choose t1 and t2 to minimize total studying time T = t1 + t2 subject to obtaining a mean grade of m where m - [g1(t1)+g2(t2)]/2 = 0
What does he mean by people of color blindness : Why does Sexton think the ultimate racial division is not white/people of color, but Black/non-Black? What is his critique of "oppression olympics?" What does he mean by "people of color blindness?"
Contemporary social problem research paper : Website icon Contemporary Social Problem Research Paper Scoring Guide - Complete and submit your final version of the course project paper.
What soft skills do employers request : Prepare a list of the most frequently requested soft skills in your field. - Indicate how well you think you would qualify for the skill or trait mentioned.
Guilty of causing a major environmental disaster : An oil company, Pritish Betroleum, henceforth PB, has been found guilty of causing a major environmental disaster, and the court has decided that it has to pay an amount X in punitive damages.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd