Constrained Optimization - Maple Application Center
Application Center Applications Constrained Optimization

Constrained Optimization

: marcus .
Engineering software solutions from Maplesoft
This Application runs in Maple. Don't have Maple? No problem!
 Try Maple free for 15 days!
We start by noting that our general budget constrain is given by: Iota = P[K]*K + P[L]*L where K is is the quantity of capital, L is the quantity of labor, P[K] is the price of capital and P[L] is the price of labor. The above equation says that income I must be equal to the sum of capital and labor expenditures.

Application Details

Publish Date: October 27, 2008
Created In: Maple 12
Language: English

More Like This

Nash Equilibrium in a Static and Dynamic Duopoly Cournot Model
The Normal Distribution and the Central Limit Theorem
Stability of Differential Equations
Dynamic Programming and the Bellman Equation
Predator and Prey Model
The Black-Litterman Asset Allocation Model
Intertemporal Consumption Dynamics
Cake Eating in Finite and Infinite Time
Simulation of Stock Paths
The Concept of Significance
Integrals in Maple
Saddle Path Equilibrium in a Phase Plane and Space