Definition of maximand in English:

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maximand

Pronunciation: /ˈmaksɪmand/

noun

Economics
A quantity or thing which is to be maximized.
Example sentences
  • Locke's authority was Natural Law, or God's non-revealed truth, and his maximand was individual rights.
  • At the other extreme, hardly any weight is given to maximizing well-being as it competes with priority, and the prioritarian doctrine is then barely distinguishable from the maximin principle with well-being as the maximand.
  • There is some evidence that honey bees may not always maximize net gain but a different currency, net energetic efficiency, the maximand in model II.

Origin

1950s: from maximize + -and.

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