“An Objective-Function maps future sequences of states of the world to the value they have for
specific Stakeholders, in utility terms. Objective-Functions have various inputs from which to derive
an overall utility value. The inputs can be called the dimensions of the Objective-Function.

Alternative Names

Concept Number: *619
English Master: Objective-Function
Synonyms, Variations & Acronyms: none


Applying our Objective-Function (which could well be no more than a judgment) helps us identify
particular sets of states that look highly desirable to us and which we may choose to take as Goals.
Goals (also known as objectives, targets, "a Vision", and so on) are a mental device for creating and communicating plans.”


Illustration: none



For a Complete Menu containing hundreds of defined concepts for project management,
and to see Examples, Notes, Explanations, Related Concepts, Keyed Icons and Drawn Icons,
please Click Here.

This Concept entered by Soheir Ghallab.

Created by system. Last Modification: Saturday 30 of November, 2013 17:47:45 CET by Soheir Ghallab.

Concept Search