maximization
Definition
Choosing the alternative with the best or highest expected outcome, without regard to cost or expense. In comparison, optimization means choosing the best cost effective alternative. See also satisficing.
maximization is in the Information & Knowledge Management subject.
maximization appears in the definitions of the following terms: allocation of resources, Fordism, liberalism, Taylorism, shareholder value approach, stakeholder value approach, utility, classical school of management, theory of the firm and optimization
maximization appears in the other terms: utility maximization, expected value maximization principle, pension maximization
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