Whenever I'm studying a new topic in mathematics, the question of potential practical application is the one that matters to me the most. While it's relatively easy to come up with hypothetical cases of practical application of, let's say, optimization, related rates etc., in this case I'm confused.
I must underline that I fully appreciate the elegance of the idea of local linearization, but I would really like to see how this technique can be applied to solve real world problems.