Where Do Extreme Values Occur? • If c is a point at which ƒ’(c)=0, we call c a stationary point. The name derives from the fact that at a stationary point the graph of ƒ levels off, since the tangent line is horizontal. Extreme values often occur at stationary points (see Figure 5).
Where Do Extreme Values Occur? • Finally, if c is an interior point of I where ƒ’ fails to exist, we call c a singular point. It is a point where the graph of ƒ has a sharp corner, a vertical tangent, or perhaps takes a jump, or near where the graph wiggles very badly. Extreme values can occur at singular points (Figure 6)
Where Do Extreme Values Occur? • These three kinds of points (end points, stationary points, and singular points) are the key points of max-min theory. Any point of one of these three types in the domain of a function ƒ is called a critical point of ƒ.
Practical Problems Based on the examples and the theory developed in the first three sections of this chapter, we suggest the following step-by-step method that can be applied to many practical optimization problems. Do not follow it slavishly; common sense may sometimes suggest an alternative approach or omission of some steps