World English Dictionary
optimize or optimise (ˈɒptɪˌmaɪz)
 
vb
1.  (tr) to take the full advantage of
2.  (tr) to plan or carry out (an economic activity) with maximum efficiency
3.  (intr) to be optimistic
4.  (tr) to write or modify (a computer program) to achieve maximum efficiency in storage capacity, time, cost, etc
5.  (tr) to find the best compromise among several often conflicting requirements, as in engineering design
 
optimise or optimise
 
vb
 
optimi'zation or optimise
 
n
 
optimi'sation or optimise
 
n

Collins English Dictionary - Complete & Unabridged 10th Edition
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WordNet
optimisation

noun
the act of rendering optimal; "the simultaneous optimization of growth and profitability"; "in an optimization problem we seek values of the variables that lead to an optimal value of the function that is to be optimized"; "to promote the optimization and diversification of agricultural products" [syn: optimization
WordNet® 3.0, © 2006 by Princeton University.
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Example sentences for optimisation
This is a standard problem in optimisation, known as constrained minimisation.
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