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Cost Minimization: Differential Calculus Approach VS Weighted Arithmetic Mean - Geometric Mean Inequality Approach [PDF]

open access: yes, 2019
One of the basic lessons taught in the 1st year of studying economics is minimizing economic costs. The standard way of solving this problem is to apply differential calculus. The process includes understanding, computing and applying derivatives. Here most of the 1st year students encounter calculus for the first time.
Kojić, Vedran   +2 more
openaire   +1 more source

MULTIPLE CRITERA METHODS WITH FOCUS ON ANALYTIC HIERARCHY PROCESS AND GROUP DECISION MAKING

open access: yesCroatian Operational Research Review, 2010
Managing natural resources is a group multiple criteria decision making problem. In this paper the analytic hierarchy process is the chosen method for handling the natural resource problems. The one decision maker problem is discussed and, three methods:
Lidija Zadnik-Stirn, Petra Grošelj
doaj  

Remarks on the comparison of weighted quasi-arithmetic means [PDF]

open access: yesColloquium Mathematicum, 2010
Gyula Maksa, Zsolt Páles
openaire   +1 more source

Invariance in the class of weighted quasi-arithmetic means [PDF]

open access: yesAnnales Polonici Mathematici, 2006
Justyna Jarczyk, Janusz Matkowski
openaire   +1 more source

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