Topic - Minima and Maxima

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Topic - Minima and maxima

objective- Finding relative minimum & maximum


points with differential calculus and applying them to
real life problems

defe - A relative maximum point is a point where the function changes direction


from increasing to decreasing (making that point a "peak" in the graph).
Similarly, a relative minimum point is a point where the function changes direction
from decreasing to increasing (making that point a "bottom" in the graph).

information -
Finding relative minimum & maximum points with
differential calculus

One similarity between the maxima and minima of our function is that the gradient of
our graph is always equal to 0 at all of these points; at the very top of the peaks and the
very bottom of the troughs, the slope of our graph is completely flat. This means our
derivative, f '(x), is equal to zero at these points.

How do we find them?


1) Given f(x), we differentiate once to find f '(x).
2) Set f '(x)=0 and solve for x. Using our above observation, the x values we find are
the 'x-coordinates' of our maxima and minima.
3) Substitute these x-values back into f(x). This gives the corresponding 'y-coordinates'
of our maxima and minima.
Which of these points are maxima and which are minima?
Here we may apply a simple test. Assume we've found a stationary point (a, b):

1. Differentiate f '(x) once more to give f ''(x), the second derivative.


2) Calculate f ''(a). If f ''(a)<0 then (a, b) is a local maximum.
                              If f ''(a)>0 then (a, b) is a local minimum.
To see why this works, imagine moving gradually towards our point (a, b), plotting the
slope of our graph as we move. If our point is a local maximum, we can that this slope
starts off positive, decreases to zero at the point, then becomes negative as we move
through and past the point. Our slope, f '(x), is decreasing throughout this movement,
so we must have that f ''(a)<0.
The exact reverse is true if (a, b) is a local minimum. Our slope is increasing through
the same movement, so here we have that f ''(a)>0.
Finding absolute minimum & maximum points with
differential calculus
APPLICATIONS OF MAXIMA AND
MINIMA IN DAILY LIFE:
There are numerous practical applications in which it is desired to find the
maximum or minimum value of a particular quantity. Such applications exist in
economics, business, and engineering. Many can be solved using the methods
of differential calculus described above. For example, in any manufacturing
business it is usually possible to express profit as a function of the number of
units sold. Finding a maximum for this function represents a straightforward
way of maximizing profits. In other cases, the shape of a container may be
determined by minimizing the amount of material required to manufacture it.
The design of piping systems is often based on minimizing pressure drop which
in turn minimizes required pump sizes and reduces cost. The shapes of steel
beams are based on maximizing strength. The idea is to find the maximum value
of a particular variable that represents a solution to the whole system.
A practical example might be minimizing the cost of producing an automobile
given certain known constraints on the cost of each part, and the time spent by
each laborer, all of which may be interdependent. Regardless of the application,
though, the key step in any maxima or minima problem is expressing the
problem in mathematical terms.
Everything in this world is based on the concept of maxima and minima, every
time we always calculate the maximum and minimum of every data. Now-a-
days results are also based on the concepts of grades which is again based on
the concept of maxima and minima.

A practical example:

Suppose a shoe factory trying to figure out how many thousands of pairs of
shoes
to produce in order to optimize profit.
And so, let's let x equal the thousands of pairs produced.
r(x) be the money obtained form sale of x shoes
c(x) be the cos of production of x shoes

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● Harshvardhan Singh Moyal
● Kushagra Singh

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