Optimization, Mathematics

Assignment Help:

Optimization is required in situations that frequently arise in finance and other areas. Organizations would like to maximize their profits or minimize their costs at a given level of output. An individual would like to maximize his utility when choosing investment alternatives. If we have a mathematical function, then we can find a solution to the optimization problem using calculus.

Of all the higher order derivatives, the second order derivative is of special interest in problems of optimization.

The first derivative of a function, f'x is the slope of the function f(x), or the rate of change in the value of f(x) per unit change in x. Similarly the second derivative, f''x is the slope of the function f'x or the rate of change in the value of f'x per unit change in x, which is the rate of change of the original function f(x).

The following figures and table show various combinations of signs of f'x and f''x and the implied slope of the graph of f(x).

781_optimization.png

  f'x

  f''x

f(x) is


positive

positive

increasing at an increasing rate

positive

negative

increasing at a decreasing rate

negative

positive

decreasing at an increasing rate

negative

negative

decreasing at a decreasing rate                                          


Related Discussions:- Optimization

What is factorial, Q. What is Factorial? A factorial is a number with a...

Q. What is Factorial? A factorial is a number with a factorial sign, !, after it. 5! is read "five factorial." 3! is read "three factorial." The factorial of a natural

Compute the linear convolution, Compute the linear convolution of the discr...

Compute the linear convolution of the discrete-time signal x(n) ={3, 2, 2,1} and the impulse response function of a filter h(n) = {2, 1, 3} using the DFT and the IDFT.

Geometry homework, i just have one question i need help on for my geometry ...

i just have one question i need help on for my geometry homework

Prove the arithmetic progressions equation, Prove that a m + n + a m - n ...

Prove that a m + n + a m - n  =2a m Ans:    a m + n = a 1 + (m + n - 1) d a m-n = a 1 + (m - n -1) d a m = a 1 + (m-1) d Add 1 & 2 a m+n + a m-n  =

Give an example of numerator and denominator, Give an example of Numerator ...

Give an example of Numerator and Denominator? Fractions represent parts of a whole object. Fractions are written using a horizontal line, with one number on top of the line and

Abstract algebra, Let D(subscript12) = ({x,y : x^2 = e ; y^6 = e ; xy =(...

Let D(subscript12) = ({x,y : x^2 = e ; y^6 = e ; xy =(y^-1) x}) a) Which of the following subsets are subgroups of D(subscript12) ? Justify your answer. i) {x,y,xy,y^2,y^3,e}

Permuttation, A telephoned dialled number 0 to 9.if 0 is dialled first the ...

A telephoned dialled number 0 to 9.if 0 is dialled first the caller is connected to the international exchange system.find the number of local calls that can be rung if a local num

????????, ?????? ?????? ?? ???? ??????? ???????? ?????? 3.5 ?? ??? ???? ???...

?????? ?????? ?? ???? ??????? ???????? ?????? 3.5 ?? ??? ???? ???? ????? 50??/???? ??????20??/???? ???? ?? ?? ?????? ???????? ??? ??? ?? ??????? ??????? ? ?? ????? ????

Write Your Message!

Captcha
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!

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