utilization

American  

[yoot-l-ahy-zey-shuhn] / ˌyut l aɪˈzeɪ ʃən /

especially British, utilisation

noun

1. an act or instance of making practical or profitable use of something.

   I don't think this plan results in the best utilization of tax dollars.

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Other Word Forms

• misutilization noun
• nonutilization noun
• overutilization noun
• preutilization noun
• reutilization noun

Etymology

Origin of utilization

First recorded in 1840–45; utiliz(e) ( def. ) + -ation ( def. )

Example Sentences

The company expects the unit to continue to grow as additional capacity comes online and utilization improves.

From The Wall Street Journal

The robotaxi model is a network-effect business, meaning that larger fleets will improve service coverage, reduce waiting times and increase vehicle utilization, which in turn attracts more users and further improves unit economics, they add.

From The Wall Street Journal

This capability allows Nebius to meet variable customer demand, increase utilization and support faster deployment cycles.

From MarketWatch

They note that the South Korean chemical company holds about one month of naphtha inventory, and difficulties in procurement could lead to lower factory utilization in 2Q.

From The Wall Street Journal

Phased capacity addition ensures margin accretion via utilization and higher integration.

From The Wall Street Journal

Related Words

• application
• discharge
• employment
• usage