Sensitivity Analysis for Utility Maximization
A Study on Lagrange Multipliers and Commodity Coupons
Bibliographic Data
| ID | 22065508 |
|---|---|
| Authors | Haradhan Kumar Mohajan (Premier University), Devajit Mohajan (0000-0002-4222-9044, Chittagong University of Engineering & Technology) |
| Year | 2023 |
| Volume | 12 |
| Issue | 1 |
| Pages | 25-40 |
| Publication date | 2023-04-02 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Economic Development Environment and People (JOURNAL) |
| Journal identifiers | ISSN: 2285-3642 • E-ISSN: 2285-3642 |
| Publisher | Fundatia Romania de Maine (PUBLISHER) |
| DOI | 10.26458/jedep.v12i1.790 |
| OpenAlex | W4396854366 |
| Language | EN |
| References cited | 6 |
In this study sensitivity analysis among Lagrange multipliers and commodity coupons are discussed with detail mathematical analysis. In economics, utility maximization method is essential for the increasing of the sustainable production and profit maximization. Two types of constraints, such as budget constraint, and coupon constraint are used to operate sensitivity analysis; consequently, two Lagrange multipliers are applied for the detail mathematical analysis
Budget constraint · Commodity · Constraint algorithm · Coupon · Economics · Lagrange multiplier · Mathematical economics · Mathematical optimization · Maximization · Microeconomics · Profit maximization · Climate Change Policy and Economics · Computer Science · Economic theories and models · Energy, Environment, and Transportation Policies · Engineering · Mathematics
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| Highly cited | No |
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