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

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 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.

Keywords: Lagrange multipliers; commodity coupon; sensitivity analysis; utility maximization (search for similar items in EconPapers)
JEL-codes: C3 C53 C58 C61 C67 I31 (search for similar items in EconPapers)
Date: 2023-01-03, Revised 2023-01-06
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 (14)

Published in Journal of Economic Development, Environment, and People 1.12(2023): pp. 25-40

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:117077

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