CHAPTER 6
NONLINEAR OPTIMIZATION
Previous chapters dealt with linear optimization, specifically linear programming and linear
integer programming. This chapter considers optimization problems that include a nonlinear
objective and/or nonlinear constraints
CHAPTER 7:
LINEAR APPROXIMATION PROCEDURES AND THE THEORY OF FIRM
A conventional production function with one input and one output assumes that the
output produced is an increasing function of the input use with diminishing marginal
returns to scale. This
CHAPTER 8
PRICE ENDOGENOUS SECTOR MODELING
LP is often used to determine a firms optimum allocation of limited resources given
fixed prices of inputs and outputs. This is the case when a firms output is small
compared to the market demand and the decision
CHAPTER 10
Dynamic Programming
Dynamic Programming (DP) is a mathematical programming technique that can be
applied to a class of optimization problems when certain properties are satisfied. These
properties will be elaborated below. Dynamic relationships
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