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utility
(redirected from Utility and Value)

   Also found in: Financial, Wikipedia 0.05 sec.
utility, in economics: see value value, in economics, worth of a commodity in terms of other commodities, or in terms of money (see price ). Value depends on both desirability and scarcity. The marginal theory of value, pioneered in the late 19th cent.
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utility

(1) See utility program.

(2) Usefulness; fitness for a particular use. Utility is one of the six fundamental components of information security (see Parkerian Hexad). For example, if data are encrypted and the decryption key is unavailable, the breach of security is in the lack of utility of the data (they are still confidential, possessed, integral, authentic and available).


utility
1. 
a. a public service, such as the bus system; public utility
b. (as modifier): utility vehicle
2. Economics
a. the ability of a commodity to satisfy human wants
b. the amount of such satisfaction
3. Austral and NZ a small truck with an open body and low sides, often with a removable tarpaulin cover; pick-up
4. a piece of computer software designed for a routine task, such as examining or copying files


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This greatly enhances the utility and value of the book as an undergraduate teaching tool.
We believe that the addition of Cirronet's and RFM's wireless sensor network solutions and industrial market presence dramatically extends the utility and value of our platform in our traditional markets while opening it to entirely new markets.
This new combined solution will build upon the already existing MedLink Auto-Doc and Auto-Pilot applications and will seek to maximize the digital record keeping, storage and sharing solutions already available to point of care physicians, and offer such new features as enhanced utility and value in a more comprehensive secure one-stop digital record storage solution.
 
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