Definition of maximand in English:

maximand

noun

Economics
  • A quantity or thing which is to be maximized.

    • ‘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.’
    • ‘Locke's authority was Natural Law, or God's non-revealed truth, and his maximand was individual rights.’
    • ‘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.’
    • ‘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.

Pronunciation:

maximand

/ˈmaksɪmand/