Hello,
Of course it is possible to do so. The mathematic toolkit is made for you (including several ways to optimize a function, with constrained or unconstrained problems, and so on), please follow this link:
http://zone.ni.com/devzone/cda/tut/p/id/4787
Best regards
BRAUD Jean-Philippe
Field Sales Engineer - Nord et Centre France
LabVIEW Certified Developper