Lecture 3 - Optimality conditions, constraint qualifications, 2nd order optimality conditions

Resources: 12.3, 12.5 (12.8, 12.9)

---

---

Lagrangian KKT (Karush–Kuhn–Tucker) Conditions Critical Cone Hessian Necessary Condition Sufficient Condition Linear Independence Constraint Qualification

Proof multipliers are shadow prices

• page=363