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What is the appropriate objective function for a firm?
An appropriate objective function for cost-benefit analyses based on a renewal model is established.
This is done by establishing appropriate objective and constraint functions based on selected suitable engineering consideration.
It introduces a shape-optimization framework and an appropriate objective function.
An appropriate objective function has been identified for genetic algorithm (GA) based optimization technique with multiple design constraints.
Building on our previous work, we present an inversion method for identifying the constitutive material properties that minimize an appropriate objective function.
247 (2017) (while following Friedman "in supposing that, for many public companies, shareholder welfare is an appropriate objective," "argu[ing] that it is too narrow to identify shareholder welfare with market value".).
With two potential applications intended (active flow control and heat transfer enhancement), the most appropriate objective function is suggested to be the momentum flux.
However, for an optimum desired response it is difficult to select the appropriate objective function or identify the best weight values required to optimize the PID controller design.
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The company's annual report reads: "In conjunction with the executive deputy chairman [Ashley], he agrees strategy, appropriate objectives and policies for each of the businesses.
A more effective strategy to ensure more appropriate objectives is proposed.
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