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Math for Business and Economics

Compendium of Essential Formulas

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The revised and extended 3rd edition focuses on essential mathematical formulas tailored for economic applications. It introduces the practical use of optimization through the Lagrange function, addressing linear optimization scenarios. The book highlights how to determine relative extremes (minima or maxima) of a linear target function under specific constraints, emphasizing its significance in business management practices. This edition enhances understanding of mathematical concepts in real-world economic contexts.

Nákup knihy

Math for Business and Economics, Franz W. Peren

Jazyk
Rok vydání
2024
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Podtitul
Compendium of Essential Formulas
Jazyk
anglicky
Rok vydání
2024
Vazba
pevná
Počet stran
668
ISBN13
9783662688595
Série
Anotace
The revised and extended 3rd edition focuses on essential mathematical formulas tailored for economic applications. It introduces the practical use of optimization through the Lagrange function, addressing linear optimization scenarios. The book highlights how to determine relative extremes (minima or maxima) of a linear target function under specific constraints, emphasizing its significance in business management practices. This edition enhances understanding of mathematical concepts in real-world economic contexts.