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Classical optimization

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Abstract

Definition of (global) maximum (minimum) of a function of n variables. As collective names, we use optimal points and values, or extreme points and values. Used to convert minimization problems to maximization problems.

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References

  • See Simon and Blume (1994), Sydsæter et al. (2005), Intriligator (1971), Luenberger (1984), and Dixit (1990).

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Correspondence to Knut Sydsæter .

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© 2010 Springer-Verlag Berlin Heidelberg

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Sydsæter, K., Strøm, A., Berck, P. (2010). Classical optimization. In: Economists’ Mathematical Manual. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-28518-2_14

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