Sensitivity Analysis for Utility Maximization: A Study on Lagrange Multipliers and Commodity Coupons
Haradhan Kumar Mohajan,
Devajit Mohajan
Abstract: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.
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