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resource utilization is maximized; interruption in on-going process is minimized, including hiring-and-firing; and the effect of the learning curve phenomenon is maximized
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.
The forecast exhaust for the full NANP at the time of the report was beyond the year 2045. However, a sensitivity analysis — which utilizes a higher gross demand for numbering resources of 7,050 Central Office (CO) codes per year, as opposed to the actual estimate of 6,000 — performed as part of the report reflected an exhaust in the year 2047.
For example, if 32 hours of billable time are recorded in a fixed 40-hour week, the utilization rate would then be 32 / 40 = 80%. Note that with this second method it is possible to have a utilization rate that exceeds 100%. If 50 hours of billable time are recorded in a fixed 40-hour week, then the utilization rate would be 50 / 40 = 125%.
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 ]
where U is the utilization factor, C i is the computation time for process i, T i is the release period (with deadline one period later) for process i, and n is the number of processes to be scheduled. For example, U ≤ 0.8284 for two processes. When the number of processes tends towards infinity, this expression will tend towards:
For example, in the resource consumption accounting approach, resources and their costs are considered as foundational to robust cost modeling and managerial decision support, because an organization’s costs and revenues are all a function of the resources and the individual capacities that produce them.
Capacity planning is the process of determining the production capacity needed by an organization to meet changing demands for its products. [1] In the context of capacity planning, design capacity is the maximum amount of work that an organization or individual is capable of completing in a given period.