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objective function |
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Definition of objective functionobjective functionthe linear mathematical equation that
Related Terms:linear programminga method of mathematical programming used to solve a problem that involves an objective function and multiple limiting factors or constraints long-term variable cost a cost that was traditionally viewed as a fixed cost optimal solutionthe solution to a linear programming problem Aggregate Production FunctionAn equation determining aggregate output as a function of aggregate inputs such as labor and capital. Consumption FunctionThe relationship between consumption demand and disposable income. More generally, it refers to the relationship between consumption demand and all factors that affect this demand. Financial objectivesobjectives of a financial nature that the firm will strive to accomplish during the period functional classificationa separation of costs into groups based on the similar reason for their incurrence; it includes objectivea desired quantifiable achievement for a period of time Objective (mutual fund)The fund's investment strategy category as stated in the prospectus. There are Probability density functionThe probability function for a continuous random variable. Probability functionA function that assigns a probability to each and every possible outcome. Utility functionA mathematical expression that assigns a value to all possible choices. In portfolio theory the costthe cash or cash equivalent value necessary to attain an Tactical Asset Allocation (TAA)An asset allocation strategy that allows active departures from the normal
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