Mathematical model of the cardinal utility

Computing, Telecommunications and Control

Computing, Telecommunications and Control Peter the Great St. Petersburg Polytechnic University

Since 2008

ISSN 2687-0517

Year: 2011 Issue: 6 (138) , Part 2

5 157318

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UDK: 330.16

Article type: Research Article

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№2 June 2024
№3 September 2024
№4 December 2024

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Mathematical model of the cardinal utility

Mathematical Modelling: Methods, algorithms, technologies

Authors:

Kozeletskaya Tatyana A. German Elena A. Dmitriev Alexandr G.

Abstract:

Discuss some of the methodological issues related to mathematical modeling. Obtained quantitative relationship between utility and quantities of consumption goods, represented in dimensionless variables. Analytical expressions for the traces of permanent utilities and the indifference curves for interchangeable goods.