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

Linear equation, The sum of the digit number is 7. If the digits are revers...

The sum of the digit number is 7. If the digits are reversed , the number formed is less than the original number. find the number

Integration, ((1/x^1/2-(x-1)^1/2)+(1/(5-3(x-1)^2)^1/2)

((1/x^1/2-(x-1)^1/2)+(1/(5-3(x-1)^2)^1/2)

Aging, The average age of a woman and her daughter is 16 years. The ratio o...

The average age of a woman and her daughter is 16 years. The ratio of their ages is 7: 1. Then the woman''s age is

Evaluate the subsequent inverse trigonometric functions, Evaluate the subse...

Evaluate the subsequent inverse trigonometric functions: Evaluate the subsequent inverse trigonometric functions. arcsin   0.3746 22° arccos  0.3746 69° arctan  0.383

Grade Average, Homework is worth 10% of my grade, quizzes are worth 30%, an...

Homework is worth 10% of my grade, quizzes are worth 30%, and tests are worth 40%. I have 15 grades in the homework section, they''re all 100''s. I have 2 grades in the quiz sectio

Describe adding and subtracting fractions in details, Describe Adding and S...

Describe Adding and Subtracting Fractions in details? To add or subtract fractions, here are some steps: 1. Find the lowest common denominator (LCD) or any common denominato

Comparison test for improper integrals - integration, Comparison Test for I...

Comparison Test for Improper Integrals Here now that we've seen how to actually calculate improper integrals we should to address one more topic about them.  Frequently we ar

Pre Calculus, 5 2 ----- - ----- x-1 x+1 ------------------...

5 2 ----- - ----- x-1 x+1 -------------------- x 1 ----- + ----- x-1 x+1

Proof f(x) + g(x) dx = f(x) dx + g(x) dx anti-derivation, Proof of: ...

Proof of: ∫ f(x) + g(x) dx = ∫ f(x) dx + ∫g(x) dx It is also a very easy proof. Assume that F(x) is an anti-derivative of f(x) and that G(x) is an anti-derivative of

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