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The revised and extended 3rd edition focuses on essential mathematical formulas tailored for economic applications. It introduces the practical use of optimization through the Lagrange function, addressing linear optimization scenarios. The book highlights how to determine relative extremes (minima or maxima) of a linear target function under specific constraints, emphasizing its significance in business management practices. This edition enhances understanding of mathematical concepts in real-world economic contexts.
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Math for Business and Economics, Franz Wilhelm Peren
- Language
- Released
- 2024
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- (Hardcover)
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- Title
- Math for Business and Economics
- Subtitle
- Compendium of Essential Formulas
- Language
- English
- Authors
- Franz Wilhelm Peren
- Publisher
- Springer Berlin Heidelberg
- Released
- 2024
- Format
- Hardcover
- Pages
- 668
- ISBN13
- 9783662688595
- Category
- Business and Economics, Mathematics
- Description
- The revised and extended 3rd edition focuses on essential mathematical formulas tailored for economic applications. It introduces the practical use of optimization through the Lagrange function, addressing linear optimization scenarios. The book highlights how to determine relative extremes (minima or maxima) of a linear target function under specific constraints, emphasizing its significance in business management practices. This edition enhances understanding of mathematical concepts in real-world economic contexts.