Pulp Fiction Flashcards

1
Q

What are lamda(k+m) - i.e. associated with equality constraints?

A

These multipliers are unrestricted in sign in constrained optimality.

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2
Q

What is 3 pt quadratic approximation?

A

A 1D search method used to simplify the objective function into a quadratic function.

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3
Q

What is a local min, local max, or inflection point?

A

The three possible outcomes of the necessary condition.

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4
Q

What is a value function?

A

This type of function captures a true preference compared to a performance-based objective function.

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5
Q

What is unconstrained minimization?

A

Finding the minimum in the absence of limitations.

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