The process of finding maximum or minimum values is called optimisation. We are trying to do things like maximise the profit in a company, or minimise the costs, or find the least amount of material to make a particular object
These are very important in the world of industry.
Example 1
The daily profit, P, of an oil refinery is given by
Answers & Comments
Answer:
The process of finding maximum or minimum values is called optimisation. We are trying to do things like maximise the profit in a company, or minimise the costs, or find the least amount of material to make a particular object
These are very important in the world of industry.
Example 1
The daily profit, P, of an oil refinery is given by
P = 8x − 0.02x2,