Trying to maximise output and minimise costs is an example of a constrained optimisation problem.

Name: Trying to maximise output and minimise costs is an example of a constrained optimisation problem.
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Constraint optimization problems involve finding the maximum or minimum of a function subject to certain constraints. In this case, the constraint is cost, which must be kept at a minimum while maximizing output.

Trying to Maximise Output and Minimise Costs Is an Example