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  2. Profit maximization - Wikipedia

    en.wikipedia.org/wiki/Profit_maximization

    The profit-maximizing output is the one at which this difference reaches its maximum. In the accompanying diagram, the linear total revenue curve represents the case in which the firm is a perfect competitor in the goods market, and thus cannot set its own selling price.

  3. Constrained optimization - Wikipedia

    en.wikipedia.org/wiki/Constrained_optimization

    The sum of these values is an upper bound because the soft constraints cannot assume a higher value. It is exact because the maximal values of soft constraints may derive from different evaluations: a soft constraint may be maximal for x = a {\displaystyle x=a} while another constraint is maximal for x = b {\displaystyle x=b} .

  4. Big M method - Wikipedia

    en.wikipedia.org/wiki/Big_M_method

    For any greater-than constraints, introduce surplus s i and artificial variables a i (as shown below). Choose a large positive Value M and introduce a term in the objective of the form −M multiplying the artificial variables. For less-than or equal constraints, introduce slack variables s i so that all constraints are equalities.

  5. Mathematical optimization - Wikipedia

    en.wikipedia.org/wiki/Mathematical_optimization

    The extreme value theorem of Karl Weierstrass states that a continuous real-valued function on a compact set attains its maximum and minimum value. More generally, a lower semi-continuous function on a compact set attains its minimum; an upper semi-continuous function on a compact set attains its maximum point or view.

  6. Lexicographic max-min optimization - Wikipedia

    en.wikipedia.org/wiki/Lexicographic_max-min...

    Branching on saturated subsets - finding subsets of variables that must be fixed at the minimum value, and finding the maximum-minimum value for the other variables. Using the SORT constraint - a constraint on two vectors x and y, saying that y contains the same elements as x sorted in ascending order. This constraint can be computed ...

  7. Combinatorial optimization - Wikipedia

    en.wikipedia.org/wiki/Combinatorial_optimization

    A minimum spanning tree of a weighted planar graph.Finding a minimum spanning tree is a common problem involving combinatorial optimization. Combinatorial optimization is a subfield of mathematical optimization that consists of finding an optimal object from a finite set of objects, [1] where the set of feasible solutions is discrete or can be reduced to a discrete set.

  8. Assignment problem - Wikipedia

    en.wikipedia.org/wiki/Assignment_problem

    There is also a constant s which is at most the cardinality of a maximum matching in the graph. The goal is to find a minimum-cost matching of size exactly s. The most common case is the case in which the graph admits a one-sided-perfect matching (i.e., a matching of size r), and s=r. Unbalanced assignment can be reduced to a balanced assignment.

  9. Duality (optimization) - Wikipedia

    en.wikipedia.org/wiki/Duality_(optimization)

    There are m constraints, each of which places an upper bound on a linear combination of the n variables. The goal is to maximize the value of the objective function subject to the constraints. A solution is a vector (a list) of n values that achieves the maximum value for the objective function.