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 ?
Empire is a regulated investment grade utility with approximately 90% of its on system revenue from Missouri and Arkansas, regulatory jurisdictions that Liberty Utilities has operated in for many years.
Communicate with property owners about underground utilities in a utility easement on their properties and encroachments (sheds, fences, etc.)--If time is available, communicate with all homeowners that are affected by the utility easement to explain the purpose and goals of the utility easement program.
This questionnaire addresses areas such as: the ability to provide utility service to customers, fees creating a hardship on existing utility customers, recent increases in annual fees, and fair and equitable treatment for all utilities. This questionnaire has been prepared to develop a profile of how these railroad crossing fees are affecting the utility industry.
'The bill also deletes from the enumeration of public utilities traditional public utilities like common carriers and telecommunications companies which are presently operating with controlling Filipino ownership,' he added.
First, we find that, on average, electric utilities affected by an RPS mandate charged a higher electricity rate.
Like all of the IMAGINiT Utilities these new releases are designed to save users time, automate repetitive tasks and extend the capabilities of Autodesk software, says Tim Johnson, senior vice president, IMAGINiT Technologies.
The innovative system will enhance operational efficiencies at Palm Utilities through process automation and integration.
Lighting professionals should know that utilities typically plan in one- to three-year cycles, and utility program managers planning for 2013-2015 are likely factoring in a significant budget increase for LED programs, based on our meetings and communications with more than 200 utilities across the U.S.
The regulated natural gas distribution utilities provide natural gas service to approximately 84,000 customers, with 57,000 in Missouri, 23,000 in Illinois and 4,000 customers in Iowa.
Most area utilities are increasing their electricity rates this spring.
The 2009 award winners showcase exemplary programs, projects, initiatives, and practices that integrate the consideration of utilities into the planning, design, construction, and maintenance of surface transportation facilities.