Objective function

Objective function is expresses the objective to be maximized (for example, operating income) or minimized (for example, operating costs) in a decision model (for example, a linear programming model).

Definitions

According to Cost Accounting by Horngren, Datar, Rajan (14th edition),

Objective function. Expresses the objective to be maximized (for example, operating income) or minimized (for example, operating costs) in a decision model (for example, a linear programming model).