from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. The act of raising something to its greatest value or extent.
- n. The process of finding the maximum value of a function.
from the GNU version of the Collaborative International Dictionary of English
- n. The act or process of increasing to the highest degree.
from The Century Dictionary and Cyclopedia
- n. The act or process of maximizing, or raising to the highest degree. Ben-tham. Also spelled maximisation.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. the act of raising to the highest possible point or condition or position
- n. the mathematical process of finding the maximum value of a function
Sorry, no etymologies found.
Some of those large institutions, such as large public pension funds, or union-associated funds, may well have agendas that go beyond the long-term maximization of profits for all shareholders.
I control a privately held corporation that provides my livelihood and, I can assure you, profit maximization is not and has never been the primary goal.
They do not care if the hotel never gets another guest; short-term profit maximization is the goal.
Quarks are a way to explain neutrons; surplus maximization is a way to explain estoppel.
Furthermore, their performance depends on their concepts about themselves, their pragmatism, their preference for taking risks, and their valuing of short-term maximization or long-term gain.
Leaving in place strategic assets - the building blocks for future generations, and their higher standard of living, is an anathema to short term maximization - and its cannibalistic fatal flaw.
Halla criticizes a system that focuses "aggressively and indiscriminately" on the short-term maximization of profits, without any regard for losses, that is oriented on short-lived market prices and lucrative bonus payments.
The others will cook up a nice deferred compensation plan that will involve common stock and will require short term maximization of short term profit.
So, these are expenses that we believe are necessary for the long term maximization of shareholder value and we will continue to make investments as we see fit, as most important for us is to take advantage of this massive market opportunity that we have in front of us right now.
(Posner accepted it and no longer says wealth maximization is a theory of value.