optimum

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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 ?
Optima TotalCare includes a variety of packaged managed services, tools, and resources which will provide an assured path for the ongoing success of enterprise ECM solutions.
Vision will continue to be partially owned by the Fuechter family even after it falls under the Optima Consumer umbrella.
Jefferies & Company Inc was the financial advisor of Optima Specialty Steel, while Harris Williams & Co consulted the target firm.
Mordechai Korf, Chairman of the Board at Optima Specialty Steel and a shareholder of Optima Acquisitions, said, 'I am excited that Niagara LaSalle has become a part of Optima Specialty Steel and that Niagara LaSalle's current CEO, Kevin Stevick, has agreed to become the CEO of Optima Specialty Steel.
With the new Optima D51R for the 5-KW, the Optima 800U for the 10-KW, and the Optima 800U with adapter tray for the 15-, 30-, and 60-KW TQG, all batteries for the TQG fleet of generators can be maintenance free.
The field is becoming ever more professional, as the OPTIMA Awards have shown for years.
Optima Telekom offers residential customers a comprehensive set of integrated communication solutions based on the latest access technologies.
Until 1994, Optima manufactured machines for the paper hygienic market.
Optima Health selected KANA Response OnDemand because it provided the depth of functionality to meet these needs without requiring large upfront capital outlays.
This new order further emphasizes our customer's commitment to Axcelis' Optima HD technology and the strength of our partnership with this major global chipmaker," said Mary Puma, chairman and CEO of Axcelis.
Jeff and Jennifer bring great experience and expertise to the Optima team," said Jeff Myers, Director of Client Services at Optima.
This first Optima HD Imax shipment is a major step forward in the execution of our Optima HD strategy.