Not really sure what to make of this

[solrob]

Hi, I'm posting in this section because I really didn't know where else to put it. It has to do with the economics part of engineering.

Basically, I don't know how to solve the following equation. I have all the parameters needed but what does that max{equation, 0} mean?



Thanks

 

[Ishuda]

...I have all the parameters needed but what does that max{equation, 0} mean? ...

It means compute the value of the equation and then choose the larger of that value and 0. For example, suppose the value of the equation was 2. Then max{2,0} = 2. As another example, suppose the value of the equation was -1. Then max{-1,0} = 0.

 

[solrob]

Thanks mate!