optimum

(redirected from optimization)
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 ?
QuickOpt provides the accuracy of echo-based optimization without the clinic time it takes to schedule, perform and interpret an echo procedure.
It provides our customers with a more comprehensive solution for total supply chain network and inventory planning and optimization, and represents our next steps for delivering superior value to our customers and shareholders.
Figure 5 is a topology optimization case study of a Volkswagen engine bracket casting.
New software contracts include solutions for Advanced Revenue Management, Price List Optimization, Contract Price Optimization, Deal Manager, Pricing Manager, Hospitality Revenue Optimization and Pricing Analytics.
With process variables changing constantly and adding up to a large number, customers are demanding devices that are robust and can complement each other for the consistent overall optimization of the process.
Unlike other established equivalence checkers, synthesis-tool-independent 360 EC-FPGA allows FPGA designers to leverage the optimizations afforded by FPGA synthesis tools and to verify the design "as is," without having to switch off optimizations and undertake extensive manual scripting.
The study authors concluded, "A strong correlation between the IEGM (QuickOpt Timing Cycle Optimization) method and echocardiogram optimization was consistently observed for all analyses.
Corporate Search Optimization (CSO) delivers responsible search engine optimization and SEO services integrated with the overall interactive strategy for maximum productivity and effectiveness.
MCA has developed the most advanced decision support features for the unique and demanding inventory optimization needs of complex asset intensive industries," said Ed Lange, executive vice president of SAP America's.
WAN Optimization appliances are devices deployed in data centers, branch offices and remote sites to overcome network performance problems and accelerate application delivery.

Full browser ?