Honeymoon to hawaii for The optimorum, as it is often briefly referred to, is the global optimum or the state where a given allocation can no longer be improved. When there are several allocations, each of which may be locally optimal, the optimorum is the best among these. The optimorum is analyzed in the economic theory of distribution, not in PRICE theory. Synonymous terms are bliss point or satiation point.
In a wide sense, the concept of a global optimum is used in many areas of economics (e.g.
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general EQUILIBRIUM theory and welfare economics, public economics, and international trade theory) and of management science (particularly in those areas that apply mathematical methods such as linear programming and GAME THEORY). Honeymoon to hawaii 2016.