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 ?
Optimum General consists of Optimum Insurance Company Inc.
The ratings of the members of Optimum General also reflect the strongest risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR), with scores at the 99.6% level, somewhat offset by elevated underwriting leverage measures.
Providing this new service led to Optimum Financial Solutions moving from offices in Widnes to new premises in Skelmersdale, while also renting an office in Manchester, where the pension schemes were promoted.
People join Optimum and stay - not only because we like to nurture our internal talent and support people's career aspirations through our succession planning initiatives, but because colleagues are invested in our plans for the future and can see the opportunities coming their way.
SDM's Shoppers Optimum has 11 million members, while Loblaw's grocery store PC Plus program totals 8 million members.
Ozet: Optimum boylama yontemi, uretilen agaclarin toplam ekonomik degerini artiran optimum boylama kombinasyonlarina karar vermek icin orman iscilerine yardim eder.
Another element in the Optimum enhancement is a complete redesign of the My Optimum component of the company's website, which, according to Harrington, helps to create that more personalized look and feel envisioned with the elevated loyalty program.
Eskom served a notice on Optimum in July in which it asserted its rights to claim significant historical penalties from Optimum and to impose future penalties.
Optimum was the first division to be established by Al Amthal in 2000.
The Optiltame collar increases the Magnum Optimum's unit height in increments of 105mm, meaning it can be configured to match the height of products being distributed.
Later 31 wards in the city were divided into three groups on basis of varying fluoride concentration in drinking water, 'below optimum level' 9 wards, 'optimum level' 13 wards, 'above optimum level' 9 wards.
These soybeans would contain Pioneer's proprietary Optimum GAT trait and, through Monsanto's royalty-bearing license agreement, the Roundup Ready trait.