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It is not an unconstrained optimization problem. The constraints in which the company operates might result in a feasible region where even the most profitable
by mkbosmans 2y ago
It is not an unconstrained optimization problem. The constraints in which the company operates might result in a feasible region where even the most profitable point is still a net loss.
Those constraints may of course be self-imposed, like e.g. choosing a market to operate in.
- randomdata 2y ago> It is not an unconstrained optimization problem. Of course not. The constraints are exactly what you optimizing against. Choosing to operate in a market that is not capable of supporting profitability is not optimizing for profitability, though. One may claim to be optimizing for profitability, but actions speak louder than words.