Extreme value theorem: If a function f is continuous on a

closed and bounded set (compact set), then the function f

attains both a maximum and a minimum on the set.

NOTE: The extreme value theorem refers to only a

sufficient condition (not a necessary condition) for a
function to have a maximum. There might be the case in
which a function has a maximum and/or minimum if it is
not continuous or is not defined on a compact set.

Conditions for x* to be local max and local min

Conditions for local max and local min

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ℒ concave or convex
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Conditions for Global max and Global min

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Constraint qualification satisfied if gradient vectors are independent.

Optimization with Equality Constraint Envelope Theorem
One constraint

Many constraints
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Optimization with Inequality Constraint: Kuhn-Tucker
Conditions

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