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Definition of OPTIMIZATION
: an act, process, or methodology of making something (as a design, system, or decision) as fully perfect, functional, or effective as possible; specifically: the mathematical procedures (as finding the maximum of a function) involved in this
Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. Questions of maximizing or minimizing functions arising in the various disciplines can be solved using the same mathematical tools (seemaximum; minimum). In a typical optimization problem, the goal is to find the values of controllable factors determining the behaviour of a system (e.g., a physical production process, an investment scheme) that maximize productivity or minimize waste. The simplest problems involve functions (systems) of a single variable (input factor) and may be solved with differential calculus. Linear programming was developed to solve optimization problems involving two or more input variables. See alsosimplex method.