UGC Approved Journal no 63975(19)
New UGC Peer-Reviewed Rules

ISSN: 2349-5162 | ESTD Year : 2014
Volume 12 | Issue 9 | September 2025

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Published in:

Volume 9 Issue 10
October-2022
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2210523


Registration ID:
545505

Page Number

f118-f121

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Title

UNDERSTANDING THE ROLE OF DERIVATIVES IN BUSINESS OPTIMIZATION

Abstract

This article delves into the application of mathematical techniques in economics, specifically focusing on differential calculus to analyze functions with multiple variables for economic purposes. The research problem revolves around maximizing profits for a multi-product company by utilizing the second-order derivative test in Calculus. The methodology involved solving various problems related to maximizing profits for a company producing two different products, X and Y, with corresponding pricing. The results highlighted the importance of understanding the mathematical underpinnings of economic analysis to optimize profits in competitive markets. The implications of this study include promoting critical and creative thinking, enhancing quantitative skills for economic research, and improving employability to tackle contemporary economic challenges.

Key Words

mathematical economics, differential calculus, profit maximization, multi-product company, competitive markets.

Cite This Article

"UNDERSTANDING THE ROLE OF DERIVATIVES IN BUSINESS OPTIMIZATION ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 10, page no.f118-f121, October-2022, Available :http://www.jetir.org/papers/JETIR2210523.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"UNDERSTANDING THE ROLE OF DERIVATIVES IN BUSINESS OPTIMIZATION ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 10, page no. ppf118-f121, October-2022, Available at : http://www.jetir.org/papers/JETIR2210523.pdf

Publication Details

Published Paper ID: JETIR2210523
Registration ID: 545505
Published In: Volume 9 | Issue 10 | Year October-2022
DOI (Digital Object Identifier):
Page No: f118-f121
Country: Dakshina Kannada, Karnataka, India .
Area: Applied Mathematics
ISSN Number: 2349-5162
Publisher: IJ Publication


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