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Elements of Optimization - With Applications in Economics and Business (Paperback)
Loot Price: R1,456
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Elements of Optimization - With Applications in Economics and Business (Paperback)
Series: Heidelberg Science Library
Expected to ship within 10 - 15 working days
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This book attempts to present the concepts which underlie the
various optimization procedures which are commonly used. It is
written primarily for those scientists such as economists,
operations researchers, and en gineers whose main tools of analysis
involve optimization techniques and who possess a (not very sharp)
knowledge of one or one-and-a-half year's calculus through partial
differentiation and Taylor's theorem and some acquaintance with
elementary vector and matrix terminology. Such a scientist is
frequently confronted with expressions such as Lagrange multi
pliers, first-and second-order conditions, linear programming and
activity analysis, duality, the Kuhn-Tucker conditions, and, more
recently, dy namic programming and optimal control. He or she uses
or needs to use these optimization techniques, and would like to
feel more comfortable with them through better understanding of
their underlying mathematical concepts, but has no immediate use
for a formal theorem-proof treatment which quickly abstracts to a
general case of n variables and uses a style and terminology that
are discouraging to people who are not mathematics majors. The
emphasis of this book is on clarity and plausibility. Through
examples which are worked out step by step in detail, I hope to
illustrate some tools which will be useful to scientists when they
apply optimization techniques to their problems. Most of the
chapters may be read independently of each other-with the exception
of Chapter 6, which depends on Chapter 5. For instance, the reader
will find little or no difficulty in reading Chapter 8 without
having read the previous chapters."
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