This textbook by Rangarajan K. Sundaram is a thorough introduction to optimization and its use in economics and related disciplines. It covers the theoretical foundations and applications of optimization theory, especially for master’s and graduate students.
Contents
The contents consist of three parts: the first part analyzes the existence and identification of solutions to optimization problems in Rn. The second part focuses on the sensitivity of solutions to changes in parameters. The third part discusses the core principles of finite- and infinite-horizon dynamic programming. Each chapter provides detailed examples that clarify both the theory and the practical applications. The methods discussed are critically evaluated with respect to their success and potential limitations. In addition, the book includes complete proofs and contains an introductory chapter and three appendices that make it mathematically self-contained.
Details
- Author: Rangarajan K. Sundaram (Stern School of Business, New York)
- Publisher: Cambridge University Press
- Format: Trade paperback (US)
- Publication date: 1996-06-13
- Number of pages: 376
- ISBN: 9780521497701
- Topic: Economic theory and philosophy
- BISAC: BUSINESS & ECONOMICS / Economics / Theory