Minimization

Minimization refers to the act of reducing something to the smallest possible amount, degree, or extent. It involves deliberately lessening the significance, impact, or size of something, whether it be a problem, cost, risk, or even an emotional response. In mathematics and computer science, minimization often refers to finding the minimum value of a function or optimizing a process to achieve the most efficient outcome. The goal is to achieve the desired result with the least expenditure of resources, effort, or negative consequences.

Minimization meaning with examples

• The company focused on cost minimization by streamlining their supply chain and negotiating better deals with vendors, significantly reducing their operational expenses in the last fiscal quarter.
• Effective risk minimization strategies, like diversifying investments, helped the portfolio weather the economic downturn with minimal losses and continue to provide steady returns.
• The therapist worked with the patient to address their tendency towards self-minimization, encouraging them to acknowledge and value their accomplishments instead of downplaying their significance.
• Through careful algorithm design and code optimization, they achieved memory minimization in their application, allowing it to run efficiently on resource-constrained mobile devices.