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» Economics » Management economics » Topics begins with E » Extent of utilization


Page modified: Friday, June 23, 2006 20:29:07

Extent of utilization is a measure for the use of resources in a certain period.

The minimum value is 0, i.e. resources are not used at all. The maximum value is 100%, i.e. resources are used in one period always and completely.

From economical view the maximization of extent of utilization is to be always aimed at.

Computation

  • Generally
Extent of utilization = \ frac {actual \ use} {possible \ use}

The actual use is equal the possible use arises maximum extent of utilization of 100 per cent.

  • Generation of current

With power stations extent of utilization designates the quotient from actually produced energy and the maximum energy dependent on the rated output.

Extent of utilization \ one \ power station = \ frac {current production \ per \ year} {rated output \ cdot 365 {,} 25 \ cdot 24}

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