ML, Optimisation, Convex Optimization, Price Optimization.
and a variable costs which is a function of volume (i.e. 0.25). f(cost) = 300+volume*0.25 Now that we have all the variables that we need, we can use the simple formula below to calculate profit: f(profit) = (price — cost)*volume A 3-D plot of the sale’s price, volume and profit is as shown below.