how to code this type of objective function (optimization)

Right now, i am figuring out how could i code this type of mathematical formulation. it is finding the balance between the two objectives where they achieved by maximizing the least desirable value to avoid the optimization of one objective and sacrificing the other. Still think how could i code this. Thank you !

Answer 1

[Torsten]

Use "fminimax" and read the documentation on how to apply the software also for maximizing the minimum instead of minimizing the maximum:

https://uk.mathworks.com/help/optim/ug/fminimax.html