Definition of maximand in English:
maximand
noun ˈmaksɪmandˈmaksəˌmand
Economics A quantity or thing which is to be maximized.
Example sentencesExamples
- 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.
- 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.
- It might be less committed to a consumption per head maximand, but in greenhouse matters the low population implication is the same, if the analysis is accepted.
Origin
1950s: from maximize + -and.