A problem of economic optimization of electric equipment design

1 November 1964

journal article
Published by Institute of Electrical and Electronics Engineers (IEEE) in IEEE Transactions on Communication and Electronics

Vol. 83 (75) , 773-776
https://doi.org/10.1109/tcome.1964.6592605

Abstract

This paper deals with the mathematical analysis of a technical-economic problem of equipment design in which parameter optimization is required to ensure the minimum cost of construction and operation. The analysis presented is general; it covers any type of problem that can be characterized by means of a multivariable nonlinear function with positive coefficients. A theorem on an extremum of a function of this type is proved, and a method for finding the optimum parameters is described. The proof ensures determination of the absolute optimum for the problem, and the proposed calculation method reduces the required digital computer time.

Keywords

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