Work

Sensitivity Analysis for Utility Maximization: A Study on Lagrange Multipliers and Commodity Coupons

Year: 2023

Type: article

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.

Source: Journal of Economic Development Environment and People

DOI: 10.26458/jedep.v12i1.790

Authors: Haradhan Kumar Mohajan, Devajit Mohajan

Institutions: Premier University, Chittagong University of Engineering & Technology

Language: English

Topic: Optimization and Mathematical Programming

Subfield: Control and Systems Engineering

Field: Engineering

Domain: Physical Sciences

Open Access status: gold

Estimated APC paid: $107

OpenAlex ID: W4396854366

FWCI: 0.108

Cites: 43

Cited by: 1

Related to: 10