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Maximum Demand Indicator (MDI) is an instrument for measuring the maximum amount [clarification needed] of electrical energy required by a specific consumer during a given period of time. [1] MDI instruments record the base load requirement of electrical energy .
The demand factor is always less than or equal to one. As the amount of demand is a time dependent quantity so is the demand factor. f Demand ( t ) = Demand Maximum possible demand {\displaystyle f_{\text{Demand}}(t)={\frac {\text{Demand}}{\text{Maximum possible demand}}}}
In electrical engineering the load factor is defined as the average load divided by the peak load in a specified time period. [1] It is a measure of the utilization rate, or efficiency of electrical energy usage; a high load factor indicates that load is using the electric system more efficiently, whereas consumers or generators that underutilize the electric distribution will have a low load ...
At this time there is a combination of office, domestic demand and at some times of the year, the fall of darkness. [2] Some utilities will charge customers based on their individual peak demand. The highest demand during each month or even a single 15 to 30 minute period of highest use in the previous year may be used to calculate charges. [3]
The maximum amount a consumer would be willing to pay for a given quantity of a good is the sum of the maximum price they would pay for the first unit, the (lower) maximum price they would be willing to pay for the second unit, etc. Typically these prices are decreasing; they are given by the individual demand curve, which must be generated by ...
Although Marshallian demand is in the context of partial equilibrium theory, it is sometimes called Walrasian demand as used in general equilibrium theory (named after Léon Walras). According to the utility maximization problem, there are L {\displaystyle L} commodities with price vector p {\displaystyle p} and choosable quantity vector x ...
The unofficial term diversity, as distinguished from diversity factor, refers to the percent of time available that a machine, piece of equipment, or facility has its maximum or nominal load or demand; a 70% diversity means that the device in question operates at its nominal or maximum load level 70% of the time that it is connected and turned on.
The Hicksian demand function isolates the substitution effect by supposing the consumer is compensated with exactly enough extra income after the price rise to purchase some bundle on the same indifference curve. [2] If the Hicksian demand function is steeper than the Marshallian demand, the good is a normal good; otherwise, the good is inferior.