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  2. Maximal and minimal elements - Wikipedia

    en.wikipedia.org/wiki/Maximal_and_minimal_elements

    The maximum of a subset of a preordered set is an element of which is greater than or equal to any other element of , and the minimum of is again defined dually. In the particular case of a partially ordered set , while there can be at most one maximum and at most one minimum there may be multiple maximal or minimal elements.

  3. Utility maximization problem - Wikipedia

    en.wikipedia.org/wiki/Utility_maximization_problem

    In microeconomics, the utility maximization problem is the problem consumers face: "How should I spend my money in order to maximize my utility?" It is a type of optimal decision problem . It consists of choosing how much of each available good or service to consume, taking into account a constraint on total spending (income), the prices of the ...

  4. Mathematical optimization - Wikipedia

    en.wikipedia.org/wiki/Mathematical_optimization

    The satisfiability problem, also called the feasibility problem, is just the problem of finding any feasible solution at all without regard to objective value. This can be regarded as the special case of mathematical optimization where the objective value is the same for every solution, and thus any solution is optimal.

  5. Maximum and minimum - Wikipedia

    en.wikipedia.org/wiki/Maximum_and_minimum

    The definition of global minimum point also proceeds similarly. If the domain X is a metric space, then f is said to have a local (or relative) maximum point at the point x ∗, if there exists some ε > 0 such that f(x ∗) ≥ f(x) for all x in X within distance ε of x ∗.

  6. Maximum theorem - Wikipedia

    en.wikipedia.org/wiki/Maximum_theorem

    The theorem is typically interpreted as providing conditions for a parametric optimization problem to have continuous solutions with regard to the parameter. In this case, Θ {\displaystyle \Theta } is the parameter space, f ( x , θ ) {\displaystyle f(x,\theta )} is the function to be maximized, and C ( θ ) {\displaystyle C(\theta )} gives ...

  7. Maximum term method - Wikipedia

    en.wikipedia.org/wiki/Maximum_term_method

    The maximum-term method is a consequence of the large numbers encountered in statistical mechanics.It states that under appropriate conditions the logarithm of a summation is essentially equal to the logarithm of the maximum term in the summation.

  8. Global optimization - Wikipedia

    en.wikipedia.org/wiki/Global_optimization

    The cutting-plane method is an umbrella term for optimization methods which iteratively refine a feasible set or objective function by means of linear inequalities, termed cuts. Such procedures are popularly used to find integer solutions to mixed integer linear programming (MILP) problems, as well as to solve general, not necessarily ...

  9. Demand factor - Wikipedia

    en.wikipedia.org/wiki/Demand_factor

    In telecommunications, electronics and the electrical power industry, the term demand factor is used to refer to the fractional amount of some quantity being used relative to the maximum amount that could be used by the same system. The demand factor is always less than or equal to one.

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