![Checkout](https://naologiccom.imgix.net/website-update/general/checkout.png?auto=compress&w=64&fm=png)
Personalized AI apps
Build multi-agent systems without code and automate document search, RAG and content generation
Start free trial Question
Mathematical Optimization - What is mathematical optimization in economics?
Answer
In economics, mathematical optimization involves determining specific variable values, while adhering to a given set of constraints on their possible values, to maximize a particular function. This static economizing problem is often referred to as the mathematical programming problem.