What does utilization mean?

Definitions for utilization
uti·liza·tion

This dictionary definitions page includes all the possible meanings, example usage and translations of the word utilization.

Princeton's WordNet

  1. use, usage, utilization, utilisation, employment, exercisenoun

    the act of using

    "he warned against the use of narcotic drugs"; "skilled in the utilization of computers"

  2. utilizationnoun

    the state of having been made use of

    "the rate of utilization"

Wikipedia

  1. Utilization

    Rental utilization - economy Capacity utilization - load on some process Utilization management - medicine

ChatGPT

  1. utilization

    Utilization refers to the act of using something effectively and efficiently for a particular purpose. It often refers to the degree to which something is being used or the way it is being put into use. The term is often used in various fields such as economics, business, medicine, and computer science to indicate how much of a resource (like time, equipment, capability, etc) is being put into productive use.

Webster Dictionary

  1. Utilizationnoun

    the act of utilizing, or the state of being utilized

Wikidata

  1. Utilization

    In equipment and tool rental companies, utilization is the primary method by which asset performance is measured and business success determined. In basic terms it is a measure of the actual revenue earned by assets against the potential revenue they could have earned. 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 2 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., and the financial utilization on the asset which is measured as the rental revenue achieved over a period of time against the potential revenue that could have been achieved based on a target or standard, non-discounted rate. Physical utilization is also sometimes referred to as spot utilization, where a rental company looks at its current utilization of assets based on a single moment in time.

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Numerology

  1. Chaldean Numerology

    The numerical value of utilization in Chaldean Numerology is: 4

  2. Pythagorean Numerology

    The numerical value of utilization in Pythagorean Numerology is: 3

Examples of utilization in a Sentence

  1. Chau Trinh-Shevrin:

    In some respects, it is premature to note that ACA expansion reduced the cancer disparities gap with treatment time as the primary outcome, the literature on cancer disparities indicate a large range of social determinants of health that influence access and utilization of cancer screening, care and treatment -- that range from stigma, limited English proficiency, low health literacy, limited social support, or difficulties in navigating the US healthcare system.

  2. Shawon:

    Time utilization should focused on life

  3. John Kilduff:

    The report is mixed in that it is bearish for crude oil, but somewhat supportive of refined products, crude oil imports rebounded markedly and refinery utilization fell again, allowing for the substantial crude oil inventory rise.

  4. Zig Ziglar:

    Success is the maximum utilization of the ability that you have.

  5. Stephen Innes:

    There is nothing like an early start to the hurricane season to support oil prices, but looking under the hood of the EIA data, it paints an even rosier picture for U.S. oil markets, imports down, exports likely up and refinery utilization at yearly highs.

Popularity rank by frequency of use

utilization#1#8609#10000

Translations for utilization

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"utilization." Definitions.net. STANDS4 LLC, 2024. Web. 2 Jun 2024. <https://www.definitions.net/definition/utilization>.

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