Constrained Optimisation Flashcards
1
Q
What is the Lagrangian Multiplier?
A
Gives approximate change in optimal value of objective function, λ.
Change in Utility = Change in constriant x λ
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What is the Lagrangian Multiplier?
Gives approximate change in optimal value of objective function, λ.
Change in Utility = Change in constriant x λ
Key Links
Subjects
Company
Find Us
