Sensitivity Analysis Between Commodity and Budget: Utility Maximization Case

Author:

Mohajan Devajit,Mohajan Haradhan Kumar

Abstract

In this article, sensitivity analysis between commodity and total budget are discussed. The property of a commodity that enables it to satisfy human wants is called utility. In economics, utility maximization method is essential for the welfare of the organizations and society. This study deals with four commodities and two constraints, such as budget constraint, and coupon constraint. In this article, 6×6 Hessian and 6×10 Jacobian are operated for the sensitivity analysis. Throughout the paper scientific method of optimization are applied.

Publisher

Aurora Publishing House Limited

Cited by 2 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

1. Nutritional and Antinutritional Characteristics of Two Biofortified Bean Varieties Grown in Kenya;Current Research in Nutrition and Food Science Journal;2023-08-31

2. M-Rule: An Enhanced Deep Taylor Decomposition for Multi-model Interpretability;2023 6th International Conference on Artificial Intelligence and Big Data (ICAIBD);2023-05-26

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