optimum


Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia.

optimum

the best possible outcome within a given set of circumstances. For example, in the theory of CONSUMER EQUILIBRIUM, a consumer with a given income and facing set prices for products will adjust the purchases of these products so as to maximize the utility or satisfaction to be derived from spending his or her limited income. Similarly, in the THEORY OF THE FIRM, a business confronted by a given market price for its product will adjust its output of that product so as to maximize its profits. See also PROFIT MAXIMIZATION, OPTIMIZING, PARETO OPTIMALITY.
References in periodicals archive ?
SDM's Shoppers Optimum has 11 million members, while Loblaw's grocery store PC Plus program totals 8 million members.
The RBC Shoppers Optimum MasterCard program is the latest co-branded financial services product offered by two of Canada's leading brands and complements the RBC Shoppers Optimum banking account and debit card.
According to the company, the Optimum AcreMax and Optimum AcreMax Xtra products integrate all of a Corn Belt grower's refuge needs into a single bag.
Optimum Online customers interested in obtaining the free software can find it at the security section of http://www.
Optimum also welcomed several new sales representatives to the team, including Kevin Turner, Mark Smith, Steve Bishop, Dave Sumner, Jim Watkins and Mike Vizcarra.
The system, which has been up and running since September 2, 1997, has allowed individuals from more than 300 companies involved in Optimum's contracting programs to work together more effectively, noted Frank DeGennaro, vice president and director of operations for Optimum.
The optimum cure time decreases as the curing temperature increases.
Some overload is acceptable, but the optimum electrical and melting conditions, as a result, may suffer.
We at Optimum Energy are excited to have attracted Matthew Frey to lead, as president and CEO, our exceptional team through the coming phases as our company continues its rapid growth in the evolving smart building market," said Nathan Rothman, founder and chairman of the board of Optimum Energy.
Last May, SDM enhanced Optimum with My Optimum, My Rewards.
A remarkable story of success through hard work, perseverance and dedication to quality, Optimum products are now available nationwide; significant sales regions include New York City, the Boston to Washington, D.