The goal of an optimization problem is to find the maximum or minimum value of the _ function subject to the _.

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09-09-2022
Social Studies

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The goal of an optimization problem is to find the maximum or minimum value of the _ function subject to the _.

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aryanagarwal466 aryanagarwal466 · Answer 1 · 2022-09-13T20:06:17+02:00

The goal of an optimization problem is to find the maximum or minimum value of an objective function given certain constraints. In this case, the goal of a business owner is often to maximum profit.

The objective function is a method for maximising (or decreasing) something. This something has a monetary value. In the real world, it could be the cost of a project, the quantity of goods produced, the profit value, or even the materials saved as a result of a streamlined process. The objective function is used to try to achieve a target for output, profit, resource use, and so on. We must examine the connections between constraints and any limitations within the business itself. These can include production capacity constraints, resource availability, and even technological limitations.

Learn more about objective function here:

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The goal of an optimization problem is to find the maximum or minimum value of the _______ function subject to the _______.

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The goal of an optimization problem is to find the maximum or minimum value of the _ function subject to the _.