Abstract
This issue deals with the conceptualization of an
optimization problem. In particular, we first provide
a formal definition of such a mathematical
concept. Then, we give some classifications of the
optimization problems on the basis of their main
characteristics (presence of time dependence and
of constraints). In so doing, we also outline the
standard techniques adopted for seeking solutions
of an optimization problem. Lastly, some examples
taken by the classical theory of economics
and finance are proposed.
| Original language | English |
|---|---|
| Title of host publication | Encyclopedia of Law and Economics |
| Publisher | Springer |
| Number of pages | 2172 |
| Publication status | Published - 13 Mar 2019 |
| Externally published | Yes |