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Morisita's overlap index, named after Masaaki Morisita, is a statistical measure of dispersion of individuals in a population. It is used to compare overlap among samples (Morisita 1959).
These projects are called repetitive or linear projects. The main advantages of LSM over critical path method (CPM) is its underlying idea of keeping resources continuously at work. In other words, it schedules activities in such a way that: resource utilization is maximized;
Kingman's approximation states: () (+)where () is the mean waiting time, τ is the mean service time (i.e. μ = 1/τ is the service rate), λ is the mean arrival rate, ρ = λ/μ is the utilization, c a is the coefficient of variation for arrivals (that is the standard deviation of arrival times divided by the mean arrival time) and c s is the coefficient of variation for service times.
With this method, however, it's easy to see how this utilization rate can be gamed: if a business stops recording non-billable time, its utilization rate will always be 100%. The second way to calculate the utilization rate is to take the number of billable hours and divide by a fixed number of hours per week. For example, if 32 hours of ...
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.
Many celebrities and household names are known for their performances or careers, but few have to be as quick on their feet as news anchors and meteorologists. Reporting complicated information in ...
By Simon Lewis (Reuters) -The Biden administration is concerned that a weakened Iran could build a nuclear weapon, White House National Security Adviser Jake Sullivan said on Sunday, adding that ...
Techno-economic assessment or techno-economic analysis (abbreviated TEA) is a method of analyzing the economic performance of an industrial process, product, or service. . The methodology originates from earlier work on combining technical, economic and risk assessments for chemical production processes