Model: resource efficiency

What is resource efficiency

a measurement of how much a resource is utilized in relation to a specific time period

example

resource: MRI scanner
Time resources is utilized: 6 hours
Time period: 24 hours
Resource efficiency 6h / 24h = 25%

Why care about resource efficiency? Opportunity cost

the loss made by not utilizing resources to the fullest

we could have used the money spent on that resource on something else

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