Optimisation in Economic Analysis

Business & Finance, Economics, Theory of Economics
Cover of the book Optimisation in Economic Analysis by Gordon Mills, Taylor and Francis
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Author: Gordon Mills ISBN: 9781317833628
Publisher: Taylor and Francis Publication: April 4, 2014
Imprint: Routledge Language: English
Author: Gordon Mills
ISBN: 9781317833628
Publisher: Taylor and Francis
Publication: April 4, 2014
Imprint: Routledge
Language: English

One of the fundamental economic problems is one of making the best use of limited resources. As a result, mathematical optimisation methods play a crucial role in economic theory. Covering the use of such methods in applied and policy contexts, this book deals not only with the main techniques (linear programming, nonlinear optimisation and dynamic programming), but also emphasizes the art of model-building and discusses fields such as optimisation over time.

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One of the fundamental economic problems is one of making the best use of limited resources. As a result, mathematical optimisation methods play a crucial role in economic theory. Covering the use of such methods in applied and policy contexts, this book deals not only with the main techniques (linear programming, nonlinear optimisation and dynamic programming), but also emphasizes the art of model-building and discusses fields such as optimisation over time.

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