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

Boat Crossing, What is the slowest a boat can travel across a river if the ...

What is the slowest a boat can travel across a river if the river is flowing with a velocity field of X^2?

Converting, I need help converting my project fractions to the number 1.

I need help converting my project fractions to the number 1.

Differential equations, Find the normalized differential equation which has...

Find the normalized differential equation which has {x, xex} as its fundamental set

Define regression, Define regression. The main reason of curve fitting ...

Define regression. The main reason of curve fitting is to estimate one of the variables (the dependent variable) from the other (the independent variable). The procedure of est

Calculate the area and circumference of a circle, Calculate the area and ci...

Calculate the area and circumference of a circle: Calculate the area and circumference of a circle with a 3" radius.  Solution: A =      πr2

Find the root, (a) Convert z  = - 2 - 2 i to polar form. (b) Find ...

(a) Convert z  = - 2 - 2 i to polar form. (b) Find all the roots of the equation w 3 = - 2 - 2 i . Plot the solutions on an Argand diagram.

#title.automotive cruise control system., What are some of the interestingm...

What are some of the interestingmodern developments in cruise control systems that contrast with comparatively basic old systems

Determine the size of the proposed repayments, Five years ago a business bo...

Five years ago a business borrowed $100,000 agreeing to repay the principal and all accumulated interest at 8% pa compounded quarterly, 8 years from the loan date. Two years after

Karatsubas algorithm, Consider the following two polynomials in F 17 [x] ...

Consider the following two polynomials in F 17 [x]   (a) Use Karatsuba's algorithm, by hand, to multiply these two polynomials. (b) Use the FFT algorithm, by hand, to

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