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 ?
The search engine optimization software market is studied and segmented in the regions of Europe, the United States, China, Japan, India, Southeast Asia, and Central & South America.
Although topology optimization methods can generate load path proposals for the design of complex assemblies such as automobile body structures, they cannot produce the detail required to properly describe cross-section, or the intricate structure of a multi-layered panel with specific fiber orientations.
A standard design optimization problem usually concerns a set of design parameters [rho] [member of] [R.sup.p] and one or several objective functions.
Let T denote the total consumption time of the whole simulation optimization process:
In this paper, we aim to develop an effective method of the topology optimization for large-displacement compliant mechanisms.
Generally speaking, neutrosophic number optimization design problems with n design variables in Z domain can be defined as the general form of a neutrosophic number optimization model:
He said precise planning must be devised and efforts must be taken to boost optimization in all sectors especially energy sector.
The optimization problems appear in nearly all ranges of life like assembling, scheduling, engineering and business.
Keywords: multiobjective optimization, evolutionary algorithms, surrogate models, relations under uncertainty
Insurance regulators in Maryland, Ohio, California, Florida, Vermont, Washington and Indiana have issued bulletins declaring that insurers' use of price optimization models to determine rates and premiums constitutes "unfair discrimination" in violation of their states' insurance laws.
Keywords: derivative free methods penalty function war planning problem deterministic model unconstrained optimization 1.
We have identified some optimization methods which are commonly used by simulation optimizers which are integrated in most recent simulation software.

Full browser ?