Importance of Total Coupon in Utility Maximization: A Sensitivity Analysis

Devajit Mohajan and Haradhan Mohajan
Authors registered in the RePEc Author Service: Dr Haradhan Kumar Mohajan ()

MPRA Paper from University Library of Munich, Germany

Abstract: This study takes an attempt to discuss utility maximization policies. The property of a commodity that enables it to satisfy human wants is called utility. The sensitivity analysis is included in the operation to show optimal policy of an organization. This study deals with four commodities and two constraints, such as budget constraint, and coupon constraint. The economic predictions of future production are necessary for the sustainable production. In the study Lagrange multipliers technique is applied to operate 6×6 bordered Hessian and 6×10 Jacobian appropriately. The sensitivity analysis between commodity and total budget are discussed with detail mathematical analysis.

Keywords: Lagrange multipliers; sensitivity analysis; total coupon; utility maximization (search for similar items in EconPapers)
JEL-codes: C3 C31 C53 C61 D6 L3 P36 (search for similar items in EconPapers)
Date: 2022-09-07, Revised 2022-09-17
New Economics Papers: this item is included in nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (27)

Published in Law and Economy 5.1(2022): pp. 56-67

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