the fact of optimizing; making the best of anything.
the condition of being optimized.
Mathematics. a mathematical technique for finding a maximum or minimum value of a function of several variables subject to a set of constraints, as linear programming or systems analysis.

1855–60; optimize + -ation

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World English Dictionary
optimize or optimise (ˈɒptɪˌmaɪz)
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
optimi'zation or optimise
optimi'sation or optimise

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Example sentences
Evolution is largely about tradeoffs, not optimization.
The authors point is one of local optimization and global optimization.
She didn't so much report stories as use blogging, invective and search engine
  optimization to create an alternative reality.
Somehow, the agony of sprite sheet optimization doesn't seem so burdensome
  after that.
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