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Meaning of utilization rate
The primary meaning of "utilization rate" refers to the extent to which something, especially a machine, resource, or facility, is used or occupied.
Etymology of utilization rate
The term "utilization rate" is derived from the Latin words "utilis," meaning useful, and "ratio," meaning rate or proportion.
The concept of utilization rate has been used in various fields, including economics, engineering, and management, to measure the efficiency and effectiveness of resource use.
Synonyms
efficiency rate
productivity rate
usage rate
application rate
employment rate
capacity utilization
output rate
performance rate
effectiveness rate
efficacy rate
operational rate
functional rate
resource utilization
allocation rate
distribution rate
absorption rate
consumption rate
expenditure rate
execution rate
implementation rate
occupancy rate
engagement rate
participation rate
involvement rate
activation rate
optimization rate
maximization rate
Definitions
- The proportion of time that a machine, resource, or facility is in use or occupied.
- * A measure of the extent to which something is used or applied, especially in relation to its maximum potential or capacity.
Usage Examples
- The company aims to increase its utilization rate of machinery to reduce production costs.
- * The hospital's bed utilization rate has been high due to the recent outbreak of the disease.
- * The new software has improved the utilization rate of our computer resources, allowing us to process more data.
Antonyms
idleness rate
underutilization
inefficiency
inactivity
dormancy
disuse
abandonment
neglect
inoccupation
nonuse
nonutilization
misuse
waste
underemployment
unemployment
redundancy
surplus
excess
slack