maximization

[ˌmæksɪməˈzeɪʃən]

maximization Definition

the act of making something as great in amount, size, or importance as possible.

Using maximization: Examples

Take a moment to familiarize yourself with how "maximization" can be used in various situations through the following examples!

  • Example

    The company's goal is the maximization of profits.

  • Example

    The maximization of efficiency is a key objective for this project.

  • Example

    The maximization of resources is essential for the success of the program.

maximization Synonyms and Antonyms

Synonyms for maximization

Phrases with maximization

  • the process of obtaining the highest possible level of satisfaction from a given set of resources

    Example

    Utility maximization is a fundamental concept in economics.

  • the process of increasing profits to the highest possible level

    Example

    Profit maximization is often the main goal of businesses.

  • the process of using resources to their fullest potential

    Example

    Resource maximization is important for sustainable development.

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Summary: maximization in Brief

Maximization [ˌmæksɪməˈzeɪʃən] refers to the act of making something as great in amount, size, or importance as possible. It is often used in business and economics, such as 'The company's goal is the maximization of profits.' Other examples include 'utility maximization,' 'profit maximization,' and 'resource maximization.'