\begin{tikzpicture}

\begin{scope}[scale=0.8]

\draw [-,very thick] (0,0) sin (1,1) cos (2,0) sin (3,-1) cos (4,0) sin (7,-1);
\draw [-latex,thick] (-0.5,-1.2) -- (8,-1.2);
\draw [-latex,thick] (-0.5,-1.2) -- (-0.5,1.3);
\draw [-,dashed] (1,1) -- (1,-1.2);

\node [anchor=north] at (1,-1.2) {\scriptsize{参数$x$的最优解}};
\node [anchor=center] at (1,-1.2) {$\bullet$};
\node [anchor=center] at (1,1) {$\bullet$};
\node [anchor=west] at (1.3,1) {\scriptsize{目标函数$f(x)$的最大值}};
\draw [<-] (6.5,-0.8) -- (7.0,-0.3);
\node [anchor=south west,inner sep=1pt] at (7.0,-0.3) {\scriptsize{$f(x)$}};

\end{scope}

\end{tikzpicture}