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From [11, 16], we know utility maximization can be formulated as follows.
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That is, profit maximization can be a means.
Utility maximization can actually be viewed as a process in which all users compete for resources according to the criteria that the Highest Quality Improvement the Highest Possibility Resources (HQIHPR) [2].
Our adaptive global utility maximization model can be used to explain responses to changes in health.
Considering a given household has persistently applied several adaptation measures over a series of years, the utility maximization equation can be presented as underset{mathbf{x},mathbf{h},mathbf{a}}{mathrm{Max}=mathrm{U}}left({mathbf{x}}_{ij, t},{mathbf{h}}_{ij, t},{mathbf{a}}_{ij, t}right) (2).
By disseminating the so-called "virtual buffers" throughout the nodes of a hybrid wired and code division multiple access (CDMA) wireless cellular network with a distributed algorithm, joint transmission power and rate optimization is formulated as a network utility maximization problem which can be solved by the congestion control algorithms of TCP [39].
Therefore, the maximization problem can be simplified.
Then, revenue maximization problem can be formulated as follows: (12).
Given that the objective of each user is to maximize his utility, the RP game can be formulated as a distributed utility maximization problem.
In this regard, product line optimization is concerned with the offering of a set of product variants to a large customer base, such that, certain objectives like maximization of buyers' utility, seller's return can be met.
To know that utility maximization may be a weak guide to choices among alternatives with "similar" expected values, or to choices involving probabilities near zero or one, can only enhance the actual (as opposed to the apparent) usefulness of the approximation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com