In microeconomics, the expenditure minimization problem is the dual of the utility maximization problem: "how much money do I need to reach a certain level...

code Structural risk minimization Boolean minimization, a technique for optimizing combinational digital circuits Cost-minimization analysis, in pharmacoeconomics...

u^{*})=p_{1}x_{1}^{*}+p_{2}x_{2}^{*}} Expenditure minimization problem Hicksian demand function Slutsky equation Utility maximization problem Budget constraint Consumption...

the utility maximization problem and its dual problem, the expenditure minimization problem, are economic optimization problems. Insofar as they behave...

from the Utility Maximization Problem, Hicksian Demand comes from the Expenditure Minimization Problem. The two problems are mathematical duals, and hence...

indirect utility function are utility maximization problem (UMP) and expenditure minimization problem (EMP). The UMP considers a consumer who wants to gain...

j=1}^{L}} . (In consumer theory, the same argument applied to the expenditure minimization problem yields symmetry of the Slutsky matrix.) Suppose now that the...

{\displaystyle \lambda >0} yields the same solution to the expenditure minimization problem as the original prices. Thus, 0 = ∂ x i ∂ p 1 p 1 + ⋯ + ∂ x...

Government spending or expenditure includes all government consumption, investment, and transfer payments. In national income accounting, the acquisition...

problem and its dual problem, the expenditure minimization problem for a given level of utility, are economic optimization problems. Theory posits that...

Law) are met, then duality between the expenditure minimization problem and the utility maximization problem tells us that x ( p , w ) = h ( p , v (...

problems of economic calculation. Mises (1912) applied the marginal utility theory developed by Carl Menger to money. Marginal consumer expenditures represent...

In neuroscience and motor control, the degrees of freedom problem or motor equivalence problem states that there are multiple ways for humans or animals...

(upper or lower bound, depending on whether it is a maximization or minimization problem). In fact, this bounding property holds for the optimal values of...

the Moon with minimum fuel expenditure. Or the dynamical system could be a nation's economy, with the objective to minimize unemployment; the controls...

states that if indifference curves of the expenditure or cost function are convex, then the cost-minimizing point of a given good ( i {\displaystyle i}...

in evolutionary biology and evolutionary psychology, is any parental expenditure (e.g. time, energy, resources) that benefits offspring. Parental investment...

performance is that it ignores the need for capital expenditures in its assessment. However, capital expenditures are needed to maintain the asset base which...

filming. The primary objective of talent scheduling is to minimize the total salary expenditure for the actors by optimizing the sequence in which scenes...

its expenditure can lend or invest the excess, intending to earn a fair return. Correspondingly, an entity where income is less than expenditure can raise...

and high cholesterol.[citation needed] Based on data from 2014 Medical Expenditure Panel Survey (MEPS), about 60% of adult Americans were estimated to have...

along the network, with optimal defined as minimizing some form of cost, such as distance, energy expenditure, or time. A common example is finding directions...

Effective in Reducing Third-World Arms Imports?", Third-World Military Expenditure and Arms Production, London: Palgrave Macmillan UK, pp. 99–113, doi:10...

equations, and one solves the problem by minimization of the associated Hamiltonian via Pontryagin's minimum principle. Dual problem George Dantzig Leonid Kantorovich...

harder. For him, the initial expenditure must not be a diversion of funds from other uses, but an increase in the total expenditure: something impossible –...

misleading comparison of aggregate welfare state expenditure, and also argued that public expenditure should no longer be a measure of comparison and that...

significantly reduce the paceline's average energy expenditure and can even slightly reduce the energy expenditure of the lead vehicle. Drafting is used to reduce...

an idea works in market environments while using the least possible expenditure. This would be beneficial as it reduces the risk of innovating (so that...

change the Basic Law (German constitution) in order to exclude defence expenditure of over 1% of GDP and a second special fund, this time not for defence...

for centuries. In the simplest case, an optimization problem consists of maximizing or minimizing a real function by systematically choosing input values...