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Looked at simply, there are two methods to calculate the utilization rate. The first method calculates the number of billable hours divided by the number of hours recorded in a particular time period. For example, if 40 hours of time is recorded in a week but only 30 hours of that was billable, the utilization rate would then be 30 / 40 = 75%.
Overtime rate is a calculation of hours worked by a worker that exceed those hours defined for a standard workweek. This rate can have different meanings in different countries and jurisdictions, depending on how that jurisdiction's labor law defines overtime. In many jurisdictions, additional pay is mandated for certain classes of workers when ...
The Failures In Time (FIT) rate of a device is the number of failures that can be expected in one billion (10 9) device-hours of operation. [14] (E.g. 1000 devices for 1 million hours, or 1 million devices for 1000 hours each, or some other combination.) This term is used particularly by the semiconductor industry.
For example, a full week of 40 hours has an FTE value of 1.0, so a person working 20 hours would have an FTE value of 0.5. Certain industries may adopt 35 hours, depending on the company, its location and the nature of work. Whole-time equivalent (WTE) is the same as FTE and applies also to students in education. [7]
The "on time" for a 60% duty cycle could be a fraction of a second, a day, or even a week, depending on the length of the period. Duty cycles can be used to describe the percent time of an active signal in an electrical device such as the power switch in a switching power supply or the firing of action potentials by a living system such as a ...
Total Time: 8-hour shift or 28,800 seconds, producing 14,400 parts, or one part every 2 seconds. Fastest possible cycle time is 1.5 seconds, hence only 21,600 seconds would have been needed to produce the 14,400 parts. The remaining 7,200 seconds or 2 hours were lost.
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For example, assume that we are given a serial task which is split into four consecutive parts, whose percentages of execution time are p1 = 0.11, p2 = 0.18, p3 = 0.23, and p4 = 0.48 respectively. Then we are told that the 1st part is not sped up, so s 1 = 1 , while the 2nd part is sped up 5 times, so s 2 = 5 , the 3rd part is sped up 20 times ...