Original scientific paper
Solving the Nonlinear Economic Equations by Modified Newton Method
Josip Matejaš
; Faculty of Economics and Business, Universtiy of Zagreb, Zagreb, Croatia
Martina Nakić
; Faculty of Economics and Business, Universtiy of Zagreb, Zagreb, Croatia
Abstract
In this paper two ways how to modify the Newton method for solving general equation are presented. The modifications accelerate convergence of the existing method. The modified methods are useful for application to many economic functions and problems.
Keywords
nonlinear equation; iterative method; Newton method; modified Newton method
Hrčak ID:
78683
URI
Publication date:
1.5.2009.
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