General
A common (standard) model form is the minimization of one real-valued function in the parameter-space, or its specified subset : here denotes the set defined by the constraints.
(The maximization of a real-valued function is equivalent to the minimization of the function .)
In many nonlinear optimization problems, the objective function has a large number of local minima and maxima. Finding an arbitrary local optimum is relatively straightforward by using classical local optimisation methods. Finding the global minimum (or maximum) of a function is far more difficult: symbolic (analytical) methods are frequently not applicable, and the use of numerical solution strategies often leads to very hard challenges.
Read more about this topic: Global Optimization
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—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)