utility

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utility

(Public service), noun public business, public company, public corporation, public industry

utility

(Usefulness), noun adequacy, advantage, applicability, avail, benefit, convenience, efficacy, employability, fruitfulness, function, helpfulness, practicality, productiveness, productivity, profit, service, serviceability, suitability, usability, use, value
Foreign phrases: Omne magnum exemplum habet aliquid ex iniquo, quod publica utilitate compensatur.Every great example has some unfairness, which is compensated by the public utility.
See also: advantage, appliance, behalf, benefit, betterment, expedience, feasibility, function, help, instrument, profit, propriety, tool, use, value, worth
References in periodicals archive ?
We formulate resource allocation in the network with fixed wireless channels or single-rate wireless devices as a utility maximization problem with schedulability and rate constraints arising from contention for the wireless channel.
99) F-Test (Util->Extra) is a 6-degree-of freedom test of the restriction that all the coefficients on the Extra-Legal variables are zero, in a model that includes all of the Utility Maximization variables as well.
Figure 2 depicts the solution to the agents' utility maximization problems at the equilibrium implementing the utilitarian optimal allocation (i.
Extensions of all three kinds of optimization problems, cost minimization, profit maximization, and utility maximization are listed.
t] is the Lagrange multiplier for the budget constraint (3) in the consumer's utility maximization problem.
Direct expected utility maximization will be computed with the use of non-linear mathematical programming.
An allocation that satisfies equations (3) through (9) will solve the profit and utility maximization problems confronting each agent while obeying the feasibility constraints embodied in equations (1) and (2).
The pursuit for vertical utility maximization requires that people
For example, in the section on Utility Maximization (Chapter 5), consumption is referred to as "the term used to indicate spending.
First, let's focus on a representative consumer's utility maximization.
Articles on rationality, social relations and the environment include an innovative look at the irrationality of utility maximization compared to Death of a Salesman, methodological contrasts between economics and other social sciences, and the environmental dimension of institutional economies, while others describe a structural analysis of flexibility, a brief history of the concept of routines, and an evolutionary approach to production.
Utility maximization is limited in this model by four major constraints.