utility

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Related to usefulness: deteriorating, coy, inadvertently, lingering

utility,

in economics: see valuevalue,
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

(ECONOMICS) the satisfaction or pleasure that a person derives from the consumption of a good or service. In the work of CLASSICAL ECONOMISTS, it was assumed that utility might be measured on an absolute scale. In modern economics, the assumption is merely that individuals are at least able to rank the satisfactions they receive or expect to receive. It is on this basis that conceptions and forms of analysis central in modern economics, e.g. indifference curves, conceptions of marginal utility, are formulated (see NEOCLASSICAL ECONOMICS).

utility

[yü′til·əd·ē]
(engineering)
One of the nonprocess (support) facilities for a manufacturing plant; usually considered as facilities for steam, cooling water, deionized water, electric power, refrigeration, compressed and instrument air, and effluent treatment.

public utility

A public service such as water, gas, electricity, telephone, sewers, etc.

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

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).
References in periodicals archive ?
Venkatesh and Bala (2008) further found that experience had a moderating effect on influence of computer anxiety on perceived ease of use, perceived ease of use on perceived usefulness, as well as perceived ease of use on behavioural intention as hypothesized.
(2005) [35] verify that the continuation intention of web portal services is determined by perceived usefulness, playfulness, and user satisfaction; expectation satisfaction is a factor in predicting perceived usefulness, perceived playfulness, user satisfaction, and expectation satisfaction.
Perceived usefulness means how much individual users recognize that new technology will help improve performance (Davis, 1989).
Hypothesis 2: Firm-generated information will have a positive effect on the perceived usefulness of a food delivery app.
Consequently, these factors give rise to the motive to fill the research gap based on the concept of green perceived value to green perceived usefulness and perceived ease of use based on the technology acceptance model (TAM) (Davis 1989).
Hypothesis 1: Perceived usefulness has significant positive influence on information exchange.
Results: The perception of 97 students and 15 lecturers indicated usefulness of IL in better understanding of subject content.
A statement from the Presbyterian Church in Ireland said: "In October 2012 the Presbytery of Ballymena referred its enquiry into the 'usefulness of Rev Stephen Dickinson's ministry in Cairnalbana' to the judicial commission of the General Assembly.
It is now hoped in the near future to broaden "The Gazette's" usefulness by securing a wider distribution abroad and setting up co-operation with a number of English-language newspapers in other parts of the world.
The study measures the usefulness of automotive manufacturer websites during the new-vehicle shopping process.
While both practitioners and academicians rate decision usefulness higher than transaction-processing, the ratings given transaction-processing, i.e., 3.51 (practitioners) and 3.24 (academicians) does not indicate that the respondents disagree with that objective (a rating of 3 indicating Neither Agree Nor Disagree).