Download Multi-Variable Optimization: Mathematical Modeling (STAT 420/620) Fall 2014 Lecture 3 - September 3, 2014 PDF Free - Full Version
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About Multi-Variable Optimization: Mathematical Modeling (STAT 420/620) Fall 2014 Lecture 3 - September 3, 2014
This lecture discusses unconstrained multivariable optimization using a two-variable example. [1] The five-step method is reviewed and applied to maximize net profit based on the number of two product types sold. [2] Graphical analysis using contour plots reveals a single maximum around 4700 units of one product and 7000 of the other. [3] Sensitivity analysis shows the solution is more sensitive to price changes for the first product than the second.
Detailed Information
| Author: | ['Nestor Ivan Arias Montañez'] |
|---|---|
| Publication Year: | 2019 |
| Pages: | 11 |
| Language: | English |
| Format: | |
| Price: | FREE |
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