The mean-variance (MV) model was firstly proposed by Markowitz in the portfolio optimization problem, which aimed to both maximize the profit and minimize the profit [25].
The profit means that a dispatch solution in the uncertain wind power environment brought about a less averaged transmission loss; in other words, we should minimize the profit as small as possible.
The proposed method is then compared with a monobjective genetic algorithm that minimizes only profit to produce optimal solutions.
A heuristic algorithm was designed to identify the optimal rotation scheduling that would achieve both objectives of maximizing prices and minimizing the profit differences between smallholder farmers.
The present study aims at optimization of the fuel oil blending process to maximize profit, minimize quality give-away, maximize production, minimize use of lighter products such as LCO and kerosene, and maximize the calorific value, etc.
Happily, minimizing our profits now to build the company will help us maximize our value to our shareholders over the long term.
At the same time, either costs are minimized or profits are maximized.
Mylan CEO minimized EpiPen profits in testimony, House panel says.
Zeuthen is weighing up his company's options; his board urging him to move jobs offshore in an effort to maximize profits, minimize tax and secure future prosperity – political quicksand for the PM.
