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.
Mentioned in ?
References in periodicals archive ?
SDM's Shoppers Optimum has 11 million members, while Loblaw's grocery store PC Plus program totals 8 million members.
Loblaw, SDM will combine loyalty programs
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.
Canada : RBC and Shoppers Drug Mart Extend Alliance with New Shoppers Optimum MasterCard
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.
DuPont announces US approval of New Optimum AcreMax and Optimum AcreMax Xtra for corn growers
Optimum Online customers interested in obtaining the free software can find it at the security section of http://www.
CABLEVISION UNVEILS MAJOR UPGRADE TO FREE ONLINE SECURITY
Optimum Plastics labels each of its nine extruders alphabetically and each feeder hose numerically.
Nine-layer blown film: why it's a challenge, what it takes to succeed: eight years after nine-layer blown films were first introduced, only a handful of processors have mastered the challenges of making them. Machine suppliers are now setting up lab lines that could make entry easier
Optimum also welcomed several new sales representatives to the team, including Kevin Turner, Mark Smith, Steve Bishop, Dave Sumner, Jim Watkins and Mike Vizcarra.
Optimum sales force is formed
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.
Innovative use of technology enables real-time contracting
The optimum cure time decreases as the curing temperature increases.
A comparative study of step curing and continuous curing methods
Some overload is acceptable, but the optimum electrical and melting conditions, as a result, may suffer.
EAF power control eases costs
Last May, SDM enhanced Optimum with My Optimum, My Rewards.
One-on-one bond is forged with customers
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.
Firm celebrates 20 years in the window business

Financial browser ?
Full browser ?