Elements of Numerical Mathematical Economics with Excel

5.7. Nonlinear problems with inequality constraints

A more general form of problem 5.5-1 is given by the following, where the equality constraints have been replaced by the weak inequality constraints.

min { x 1 , x 2 , ⋯ , x n } ( o r max ) f ( x 1 , x 2 , ⋯ , x n )

(5.7-1)

s . t .

g 1 ( x 1 , x 2 , ⋯ , x n ) ≤ c 1

g 2 ( x 1 , x 2 , ⋯ , x n