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Overall equipment effectiveness [1] (OEE) is a measure of how well a manufacturing operation is utilized (facilities, time and material) compared to its full potential, during the periods when it is scheduled to run.
In lean manufacturing, machine operator efficiency (MOE) is the performance of an employee who operates industrial machinery. [1] The operator's efficiency is measured as the time spent producing product divided by the time the operator is on duty. [ 2 ]
Looked at simply, there are two methods to calculate the utilization rate. The first method calculates the number of billable hours divided by the number of hours recorded in a particular time period. For example, if 40 hours of time is recorded in a week but only 30 hours of that was billable, the utilization rate would then be 30 / 40 = 75%.
Utilization factor (solid line) with blade-to-gas speed ratio. The utilization factor or use factor is the ratio of the time that a piece of equipment is in use to the total time that it could be in use. It is often averaged over time in the definition such that the ratio becomes the amount of energy used divided by the maximum possible to be used.
Capacity utilization or capacity utilisation is the extent to which a firm or nation employs its installed productive capacity (maximum output of a firm or nation). It is the relationship between output that is produced with the installed equipment, and the potential output which could be produced with it, if capacity was fully used. [ 1 ]
The Texas industry produced 5.86 million barrels per day of crude oil in October 2024 – led by production in west Texas in the Permian Basin. It was the largest total on record in history.
Machinery's Handbook 31st Edition, 2020 "Production of Metallic Powder", Machinery's Handbook 31st Edition, 2020. Machinery's Handbook for machine shop and drafting-room; a reference book on machine design and shop practice for the mechanical engineer, draftsman, toolmaker, and machinist (the full title of the 1st edition) is a classic reference work in mechanical engineering and practical ...
Rental utilization is divided into a number of different calculations, and not all companies work precisely the same way. In general terms however there are two key calculations: the physical utilization on the asset, which is measured based on the number of available days for rental against the number of days actually rented.