Target Function of International Logistics
From Supply Chain Management Encyclopedia
Russian: Целевая функция международной логистики
Avoiding any mathematical formalization the target (objective) function of a system[1] could be defined as an action or a combined set of actions devoted to gain the for the sake of which the present system exists (was created) [2].
References
- ↑ The function, expressing given conditions for a system, which one seeks to minimize subject to given constraints. - http://encyclopedia2.thefreedictionary.com/objective+function
- ↑ Теория менеджмента / под. ред. А.М.Лялина – СПб.: Питер, 2009 – с.342.