Mathematical Optimization and Economic Analysis

Mathematical Optimization and Economic Analysis

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This book offers a comprehensive exploration of mathematical optimization and its critical role in economic analysis. As the scarcity of resources, environmental degradation, and the effects of industrial robots and artificial intelligence (AI) become ever-pressing issues, this second edition expands on the foundational theories of static optimization to include dynamic optimization and new applications in areas such as automation and sustainability. The authors examine key concepts such as the optimal allocation of resources, the interplay between economic growth and environmental impacts, an...