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Capital Utilisation: Time Intensity Utilisation Rates in the United Kingdom Chemicals Industry

In: Working Below Capacity

Author

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  • Derek Bosworth

Abstract

Capital utilisation is extremely difficult to define and measure but, analogous to labour utilisation, it has two essential dimensions: (i) the number of hours that it operates per period; (ii) the intensity that the plant is used for any given length of operating day. The majority of measures combine these two dimensions in a single index of capital utilisation. Indices of this type include the electricity, the ‘all-fuel’ per unit of capital and the output per unit of capital measures.1 All of these have some merit but, equally, all have important theoretical and empirical problems.2 A second group of measures concentrate on the operating hours of capital and, for want of a better title, they are termed ‘time intensity utilisation rates’ (TIUR). Perhaps the most obvious method of collecting information on TIUR is by asking for information about operating hours in business surveys. Such surveys are extremely rare at the present time.3 An alternative method, with associated theoretical problems, is the approximation of operating hours of capital using shiftwork data.4

Suggested Citation

  • Derek Bosworth, 1987. "Capital Utilisation: Time Intensity Utilisation Rates in the United Kingdom Chemicals Industry," Palgrave Macmillan Books, in: Derek Bosworth & David F. Heathfield (ed.), Working Below Capacity, chapter 15, pages 406-429, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-08649-8_15
    DOI: 10.1007/978-1-349-08649-8_15
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