MathGroup Archive 1995

[Date Index] [Thread Index] [Author Index]

Search the Archive

optimal expansion

  • To: mathgroup at christensen.cybernetics.net
  • Subject: [mg457] optimal expansion
  • From: Chengri Ding <ding at gis.uiuc.edu>
  • Date: Sun, 12 Feb 1995 21:10:45 -0600

Dear Mathgroup netters,

I am new to the mathematica, I have met a terrible problem. I want to find
optimal time and optimal capital expansion. I try to use FindMinimum command
but it does not work out. I hope experts from net can help me out, and very 
appreciate your help.

The objective function is:

 -k + 0.004*t*(93633.3333333333 + 529.9999999999999*t + t^2) + 
   (0.005000000000000001*(93633.3333333333*k*llt1 + 
        529.9999999999999*k*llt1^2 + 1.*k*llt1^3 - 93633.3333333333*k*t - 
        529.9999999999999*k*t^2 - 1.*k*t^3))/(0.75 + 1.*k)

I used FindMinimum and got a message saying :

 Objective function 24524.7 + 0.00181818 (-1.22633 10  + <<3>>)
     is not real at {t, k} = {50., 2.}.
 
The arguement I used in the FindMinimum is:
FindMinimum[test3[t,k],{t,50,80},{k,2,5}]

I used another way to find the solution to the problem by drive partial 
derivative of the objective function, I got:

equ1 =  (0.003000000000000003*(93633.3333333332 - 31211.11111111114*k + 
       1059.999999999999*t - 353.3333333333332*k*t + 2.999999999999998*t^2 - 
       1.*k*t^2))/(0.75 + 1.*k)
equ2 =   (1.*(-0.5625 - 1.5*k - 1.*k^2 + 351.1249999999999*llt1 + 1.9875*llt1^2 + 
       0.00375*llt1^3 - 351.1249999999999*t - 1.9875*t^2 - 0.00375*t^3))/
   (0.75 + 1.*k)^2


and then I used  NSolve[{equ1==0,equ2==0},{t,k}]
but it took too long to find the solution. It seems to me that two equations is 
not too complicated but could not get solution. Original obective is
more complicate, in a sense that it includes transendental form, and I
was not able to find the solution because the mathematica said that a
transendental function in the equation is treated in algegraically.

I hope experts from the net can help me out and I very appreciate it.

thx again
 
chengri Ding
University of Illinois at Urbana-Champaign


  • Prev by Date: Help !!!!
  • Next by Date: Just Published: The Mathematica Graphics Guidebook
  • Previous by thread: Re: Help !!!!
  • Next by thread: Just Published: The Mathematica Graphics Guidebook