Kuhn-Tucker Theorem Foundations and its Basic Application in the Mathematical Economics

Josheski, Dushko and Gelova, Elena (2013) Kuhn-Tucker Theorem Foundations and its Basic Application in the Mathematical Economics. The Open Access Publication Server of the ZBW – Leibniz Information Centre for Economics.

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Abstract

In this paper the issue of mathematical programming and optimization has being revisited. The theory of optimization deals with the development of models and methods that determine optimal solutions to mathematical problems defined. Mathematical model must be some function of any solution that accompanies a value which is a measure of quality. In mathematics Kuhn-Tucker conditions are first order necessary conditions for a solution in non-linear programming. Under, certain specific circumstances, Kuhn- Tucker conditions are necessary and sufficient conditions as well. In this paper it is also introduced the use of these mathematical methods of optimization in economics.

Item Type: Article
Subjects: Social Sciences > Economics and business
Natural sciences > Matematics
Divisions: Faculty of Tourism and Business Logistics
Depositing User: Dusko Josevski
Date Deposited: 28 Oct 2013 15:16
Last Modified: 29 Oct 2013 09:53
URI: http://eprints.ugd.edu.mk/id/eprint/7743

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