Marginal function - PowerPoint PPT Presentation

Lesson 2:Optimisation Techniques

Lesson 2:Optimisation Techniques. Mathematics of ‘Optimization’. ‘Optimization’  a decision maker wishes to either MAXimize or MINimize a goal (i.e. objective function) A manager’s goal is to increase profit. Profits increase take place by a. Maximising output b. Minimise cost.

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Factor Graphs

Factor Graphs. 2005. 5. 20 Young Ki Baik Computer Vision Lab. Seoul National University. Contents. Introduction Sum product algorithm Computing a single marginal function Computing all marginal function Probabilistic modeling Conclusion. Introduction. What is a Factor Graph?

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Economics 2301

Economics 2301. Lecture 23 Second Derivative. Need for Second Derivative. Several concepts in economics concern changes in the marginal contribution of a variable. Diminishing marginal Utility Increasing Marginal Cost.

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