Materialized views are indeed a powerful tool for improving the performance of complex queries in a database system. They are precomputed query results stored as a physical object. When queries are executed against a database, instead of performing all the calculations or aggregations from scratch, the system can use the precomputed results from the materialized view, which significantly reduces the query execution time.

Here’s how they work:

1. Precomputed Results: Materialized views store the results of a query as a table, and these results are updated periodically or on-demand based on the underlying data changes. This means that when you query a materialized view, you're accessing precomputed data rather than recalculating it every time.

2. Performance Improvement: For complex queries involving aggregations, joins, or calculations that are resource-intensive, materialized views can significantly enhance performance by reducing the computational load on the database when executing such queries.

3. Trade-offs: However, there are trade-offs to consider. Materialized views consume storage space and need to be maintained. They must be refreshed periodically to reflect changes in the underlying data, which might impact the timeliness of the information.

4. Usage: They are particularly useful in scenarios where data changes infrequently or when the performance gain outweighs the overhead of maintaining the materialized view.

To create a materialized view, you typically use a SQL statement like this:

CREATE MATERIALIZED VIEW mv_name
AS
SELECT columns
FROM tables
WHERE conditions;

And to refresh the materialized view:

REFRESH MATERIALIZED VIEW mv_name;

Keep in mind that the syntax might vary slightly based on the database system you're using (e.g., PostgreSQL, Oracle, etc.).

Materialized views are a powerful tool in a database engineer’s toolkit, but they require thoughtful consideration regarding their usage, maintenance, and trade-offs to ensure they bring about the intended performance improvements without introducing excessive complexity or overhead.

Advantages:

1. Improved Query Performance: Materialized views significantly enhance query performance, especially for complex queries involving aggregations, joins, or computations. By precomputing and storing results, they eliminate the need for costly calculations during query execution.

2. Reduced Resource Utilization: Since the results are precomputed and stored, materialized views reduce the load on the database server, leading to faster query response times and improved overall system performance.

3. Offline Processing: They enable offline or batch processing scenarios where precomputed data can be used for reporting, analytics, or other operations without impacting the live database system.

4. Optimized for Specific Queries: Materialized views can be tailored to specific queries, allowing optimization for frequently used or critical operations, thereby improving the overall efficiency of the database system.

Disadvantages:

1. Storage Overhead: Materialized views consume storage space as they store precomputed results. This can become a concern if the views are large or if there are multiple materialized views maintained in the database.

2. Maintenance Overhead: These views need to be refreshed periodically to stay synchronized with the underlying data changes. Depending on the frequency of updates and the complexity of the view, this maintenance process can be resource-intensive.

3. Data Freshness: There might be a delay between updates in the underlying data and the refresh of the materialized view. This delay can impact the accuracy and timeliness of the information retrieved from the view.

4. Complexity and Management: Managing multiple materialized views, especially in complex database systems, can add complexity to the database design and maintenance. Keeping track of dependencies and ensuring proper refresh schedules can be challenging.

5. Cost of Updates: If the underlying data changes frequently, refreshing the materialized views can incur significant overhead in terms of computational resources and time.

Materialized views are a powerful tool but should be used judiciously, considering the specific requirements of the application, the frequency of data changes, and the trade-offs between performance gains and maintenance overhead.