Solutions Operations management

The following free cash flows (in $ Million) are projected for the next five years. The free cash fl

Question: Let \(a,b\in R\backslash \left\{ 0 \right\}\)

\[f\left( x,y \right)=\frac{{{\left( ya \right)}^{2}}-{{\left( xb \right)}^{2}}}{{{\left( ab \right)}^{2}}}\]

Determine all local minima, maxima and saddle points of f.

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