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

Arclength surprise - mathematics, Suppose a unit circle, and any arc S on t...

Suppose a unit circle, and any arc S on the unit circle in the first quadrant. No matter where S is provided, the area between S and the x-axis plus the covered area between S and

Using euclid''s algorithm find the value of x & y, If d is the HCF of 30, 7...

If d is the HCF of 30, 72, find the value of x & y satisfying d = 30x + 72y. (Ans:5, -2 (Not unique) Ans:    Using Euclid's algorithm, the HCF (30, 72) 72 = 30 × 2 + 12

Differentiate inverse tangent functions, Differentiate the following functi...

Differentiate the following functions. (a) f (t ) = 4 cos -1 (t ) -10 tan -1 (t ) (b)  y = √z sin -1 ( z ) Solution (a) Not much to carry out with this one other

Draw the state diagram - transition function, 1. Let M be the PDA with stat...

1. Let M be the PDA with states Q = {q0, q1, and q2}, final states F = {q1, q2} and transition function δ(q0, a, λ) = {[q0, A]} δ(q0, λ , λ) = {[q1, λ]} δ(q0, b, A) = {[q2

What is the average temperature on the celsius scale, Peggy's town has an a...

Peggy's town has an average temperature of 23° Fahrenheit in the winter. What is the average temperature on the Celsius scale? If the total amount for both is 80, after that th

Area related to circle, If ABCD isaa square of side 6 cm find area of shad...

If ABCD isaa square of side 6 cm find area of shaded region

Subsets of real numbers, is it true or false that all whole numbers are rat...

is it true or false that all whole numbers are rational numbers

Help, I really need help with 30 60 90 right triangles and my last tutor di...

I really need help with 30 60 90 right triangles and my last tutor did not make sense to me so can you please help

Graphs, the value of y for which x=-1.5

the value of y for which x=-1.5

Fractions, what is 1/3 + 2/9 equal

what is 1/3 + 2/9 equal

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