Objective function
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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).
