utility

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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 ?
Utilities executives recommend coursework or experience in Engineering, Accounting, or Law.
The New York Mercantile Exchange, experts in the creation and function of commodity markets, sent the California Public Utilities Commission a memo predicting that the new rules would result in less competition, less product and service information, higher prices, lower consumer value, and higher costs.
Imminent deregulation makes the business environment in which utilities operate unique.
The privately held utilities certainly should not be trusted with making an unbiased determination.
Financing - With the coming era of electric deregulation, or should we say re-regulation, many utilities have formed unregulated service companies to deal in nontraditional activities.
Americans for Affordable Electricity, a coalition of big utilities, auto makers, and other industries that use a lot of power, is coordinating the pro-deregulation lobbying campaign.
If this suggests the wisdom of refraining from further construction, you'd never know it from the multimillion-dollar advertising campaign the utilities are now waging under the auspices of the Edison Electric Institute.
The SmartTrack solution leverages Capgemini's proven track record in the utilities industry where it has delivered substantial and sustainable results for companies of all sizes, including, for example, one customer that reduced its operating costs by 30 percent, achieved a 99 percent same-day-payment posting and improved its call center average-speed-to-answer times by 73 percent.
While trading began in 1992, the actual commands for emission reductions began only in 1995 - and then only for 110 of the most highly polluting utilities.
Most public utilities use the deferral method of accounting for ITC.
Again, the primary aim of investing in utilities is to receive steady dividends.
I am excited to join an executive team with tremendous vision along with an award-winning, revolutionary technology that will transform the way utilities manage and deliver power.