Examlex
A corporation is a legal entity
Minimization Problem
A type of optimization problem where the objective is to find the minimum value of a function subject to certain constraints.
Objective Function
A mathematical expression representing the goal of an optimization problem, typically to maximize or minimize certain values.
Profit
The financial gain obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.
Objective Function
A mathematical function used in decision-making, optimization, or problem-solving that specifies the objective to be maximized or minimized.
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