Sensitivity Analysis among Commodities and Coupons during Utility Maximization

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: In mathematical economics utility is the vital concept. In the society utility is considered as the tendency of an object or action that increases or decreases overall happiness. This study tries to discuss sensitivity analysis during utility maximization investigation. Actually the method of Lagrange multipliers is a very useful and powerful technique in multivariable calculus. In this paper mathematical formulation of Lagrange multipliers is derived through the optimal devise. This article has taken attempts to find relations among commodities and coupons when the prices of different commodities increase or decrease.

Keywords: Coupon constraints; Lagrange multipliers; sensitivity analysis; utility maximization (search for similar items in EconPapers)
JEL-codes: C3 C35 C51 C61 (search for similar items in EconPapers)
Date: 2022-10-01, Revised 2022-10-04
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 Frontiers in Management Science 3.1(2022): pp. 13-28

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:115554

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