noun

minimization

minimisation

The goal is risk minimization.

The goal is risk minimisation.

Cost minimization is a key business strategy.

Cost minimisation is a key business strategy.

((of sth.)) the act of reducing (sth.) to the lowest possible amount The minimisation of waste is our priority.

Synonyms: reduction, decrease; Antonyms: maximization, increase

From the verb 'minimize' plus the suffix '-ation', which forms nouns of action. 'Minimize' comes from Latin 'minimus' meaning 'smallest'.

Think of 'mini' for small, and the '-zation' ending which means 'the act of making'. So, it's the act of making something mini or as small as possible.

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