maximization
- noun
- /ˌmæksɪmaɪˈzeɪʃən/
- Specialized
:
maximización
- If we consider a standard maximization problem, then different objective values correspond to different elevations, where the highest point corresponds to the optimal objective value.
- utility maximization
Examples
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This is the "probability" of a good outcome in my expected utility maximization.
Blog text (32) -
Since the dominant firm can influence prices, prices are endogenous in the non-linear profit maximization formulation for the dominant firm.
Academic text (2001) -
I said that the maximization only depends on dot products.
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So in yield maximization, this set describes the set of acceptable values.
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OK, so here's the utility maximization problem.
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In line with the objectives of financial management, wealth maximization can be achieved through a firm’s value maximization.
Academic text (2018) -
Results derived from the theory of consumer utility maximization in the context of household production of services (here, vehicle travel) are useful and permit a particularly simple model formulation.
Academic text (1999) -
The NPM heavily emphasizes economic and business considerations such as cost recovery, user pay, value for money, privatization, savings through the use of contractors, and profit maximization in the provision of public services.
Academic text (2001) -
Finally, the use of discriminant analysis, which is a maximization procedure that attempts to increase the correlation between predictors and group membership, may have capitalized on sample-specific variation (Betz, 1987).
Academic text (1991) -
The mathematical process for maximization finds the highest point of the function.
Synonyms
48
5.5
Making something work as well as possible
A process that finds the best choice using math and clear rules
The act of raising something to its highest possible level
To make something as big or useful as possible
Antonyms
Surface Forms
Morphology
Etymology
In math, maximization uses the same root maximus 'greatest' and the idea of maximum or max, so it means finding the biggest value of a function or quantity. That's why in calculus and optimization, maximization is the search for the 'largest' or best number.