noun
- Plural of maximand; a quantity or function that is to be made as large as possible in an optimization problem.
Usage: technical; mathematics and economics
Examples
- In linear programming, the maximands represent the objective functions we seek to optimize.
- The economist identified profit as one of the key maximands in the firm's decision-making model.
- Different maximands lead to different optimal solutions in game theory.
- The algorithm adjusts variables to increase all maximands simultaneously.
- Utility functions serve as common maximands in consumer choice theory.