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

13 Pages Posted: 13 Oct 2013

See all articles by Dushko Josheski

Dushko Josheski

University Goce Delcev

Elena Gelova

University Goce Delcev

Date Written: October 12, 2013

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.

Keywords: Kuhn-Tucker conditions, nonlinear optimization, mathematical economics

JEL Classification: C60, C61

Suggested Citation

Josheski, Dushko and Gelova, Elena, Kuhn-Tucker Theorem Foundations and Its Basic Application in the Mathematical Economics (October 12, 2013). Available at SSRN: https://ssrn.com/abstract=2339481 or http://dx.doi.org/10.2139/ssrn.2339481

Dushko Josheski (Contact Author)

University Goce Delcev ( email )

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HOME PAGE: http://www.ugd.edu.mk/

Elena Gelova

University Goce Delcev ( email )

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Stip, 2000
Macedonia

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