maximization
/mæksɪmɪˈzeɪʃən/ · max·i·mi·za·tion
noun
- The act of making something as great or large as possible. The company's goal was the maximization of profits, but at the expense of employee welfare.
- A mathematical operation that finds the maximum value of a function, often used in optimization problems. The algorithm used a maximization technique to find the optimal solution to the complex equation.
verb
- To make something as great or large as possible. The manager tried to maximize the company's resources to achieve its goals.
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Did you know? The concept of maximization has been a cornerstone of economics since the works of Adam Smith, who argued that individuals acting in their own self-interest can lead to the maximization of overall economic efficiency.