Which of the following best defines objective functions?
A) They are limitations, requirements, or other restrictions that are imposed on any solution in an optimization model.
B) They are quantities that an optimization model seeks to maximize or minimize.
C) They are quantities for which no feasible solutions exist in an optimization model.
D) They are unknown values that an optimization model seeks to determine.

Question

Quizplus · Accepted Answer

Objective functions are quantities that an optimization model seeks to maximize or minimize. They represent the goal or purpose of the optimization problem, such as maximizing profit or minimizing cost. The optimization algorithm seeks to find the optimal values of the decision variables that satisfy the constraints and optimize the objective function.

Which of the Following Best Defines Objective Functions