utilization
noun [ U ]
(UK also utilisation) uk/ˌjuːtɪlaɪˈzeɪʃən/ us/-ṱəlɪ-/ PRODUCTION
the amount of something available, produced, etc. compared with the total amount that exists or that could be produced:
The number of working rigs in Mediterranean waters was 92 out of a total fleet of 103, a utilization rate of 89.3%.
Capacity utilization fell to 84.1%.
the process of using something effectively:
The audit found there could be a better utilization of resources throughout the company.
effective/maximum utilization
See also
plant utilization