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Q2PE.

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Operations And Supply Chain Management
Found in: Page 293
Operations And Supply Chain Management

Operations And Supply Chain Management

Book edition 14th
Author(s) F. Robert Jacobs
Pages 800 pages
ISBN 9780078024023

Short Answer

This is the ratio of the time that a resource is activated relative to the time it is available for use.

Utilization is the main approach for determining effectiveness as well as performing efficiencies.

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Step by Step Solution

Utilization

Utilization is the main approach for determining effectiveness as well as performing efficiencies.

This is the ratio of the time that a resource is activated relative to the time it is available for use is utilization

Utilization is defined as the proportion of the period a resource is engaged towards the period it is accessible for utilization. The act of putting anything to practical as well as productive use. Simply stated the process is part of the use of anything or the activity of efficiently utilizing it.

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