IPA: /ˌfɔːmjʊləˈzeɪʃən/
KK: /ˌfɔrmjəˈlɪzeɪʃən/
The process of creating a formula or a specific way of expressing something in a structured format.
The formularization of the new policy took several months to complete.
Formularization → It is formed from "formula" (from Latin *formula*, meaning a small form or a rule) and "-ization" (meaning the process of making or becoming). The word "formularization" refers to the process of creating or establishing a formula or set of rules.
Think of a 'formula' as a small set of rules or a pattern, and '-ization' means the process of making it. So, formularization is the process of creating a set of rules.