What Are the Applications of Derivatives in Real Life?
Applications of derivatives in real life include solving optimization issues. Optimization refers to the process of determining minimum or maximum values.
Some examples of optimization issues in business are maximizing a company's profits and minimizing its expenditure. In manufacturing, optimization helps to determine the amount of material that is required for making a specific item.
The velocity of a satellite in a specific direction can be calculated using derivatives. The maximum fencing area with a specific fencing length can also be calculated. Derivatives are beneficial in determining normals and tangents to curves related to forces acting on a moving object. For example, a moving car on a circular track involves a normal curve application while a car around the corner involves a tangent curve application.