The learning outcomes of this topic are:
- Find the derivative of variables raised to a power
- Use the rules of differentiation
- Relate differentiation to optimization (Obtain the economic order quantity formula)
This topic will cover:
- Gradient
- Definition of the derivative
- Rules of differentiation
2. This topic will cover:
◦ Gradient
◦ Definition of the derivative
◦ Rules of differentiation
3. By the end of this topic students will be able
to:
◦ Find the derivative of variables raised to a power
◦ Use the rules of differentiation
◦ Relate differentiation to optimization
Obtain the economic order quantity formula
22. By the end of this topic students will be able
to:
◦ Find the derivative of variables raised to a power
◦ Use the rules of differentiation
◦ Relate differentiation to optimization
Obtain the economic order quantity formula
23. ◦ Harris, FW. (1913). How many parts to make at
once. Factory, the Magazine of Management 10(2),
135-136; reprinted in Operations Research 1990,
38(6), 947-950
◦ Wilson, RH. (1934). A scientific routine for stock
control, Harvard Business Review 13(1), 116-128.