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

Derek Bosworth

Chapter 15 in Working Below Capacity, 1987, pp 406-429 from Palgrave Macmillan

Abstract: 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

Keywords: Shift System; Holiday Period; Work Pattern; Public Holiday; Capital Intensity (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-08649-8_15

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DOI: 10.1007/978-1-349-08649-8_15

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