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

In this study sensitivity analysis among Lagrange multipliers and commodity coupons is discussed with detailed mathematical analysis. In economics, utility maximization method is essential for increasing 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 detailed mathematical analysis.

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Year of publication:	2023-01-03
Authors:	Mohajan, Devajit ; Mohajan, Haradhan

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Mohajan, Devajit and Mohajan, Haradhan (2023): Sensitivity Analysis for Utility Maximization: A Study on Lagrange Multipliers and Commodity Coupons. Published in: Journal of Economic Development, Environment, and People , Vol. 12, No. 1 (31 March 2023): pp. 25-40.
Classification:	C3 - Econometric Methods: Multiple/Simultaneous Equation Models ; C53 - Forecasting and Other Model Applications ; c58 ; C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; C67 - Input-Output Models ; I31 - General Welfare; Basic Needs; Quality of Life
Source:	BASE

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