Web Reference: In manufacturing, it is often desirable to minimize the amount of material used to package a product with a certain volume. In this section, we show how to set up these types of minimization and maximization problems and solve them by using the tools developed in this chapter. We use calculus to find the the optimal solution to a problem: usually this involves two steps. 1.Convert a word problem into the form ‘Find the maximum/minimum value of a function.’ Nov 10, 2020 · Set up and solve optimization problems in several applied fields. One common application of calculus is calculating the minimum or maximum value of a function. For example, companies often want to minimize production costs or maximize revenue.
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