For industrial organizations serious about AI value, objective functions can provide the critical link between technical capabilities and business outcomes.

The Nelder-Mead simplex method for function minimization is a "direct" method requiring no derivatives. The objective function is evaluated at the vertices of a simplex, and movement is away from the ...

Enlightened value maximization utilizes much of the structure of stakeholder theory but accepts maximization of the long-run value of the firm as the criterion for making the requisite tradeoffs among ...