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Capacity

Credit grantors' measurement of a person's ability to repay loans.

Capacity

The theoretical maximum number of products a company can produce at a given time. For example, an oil pump may have a capacity of X barrels per day, meaning that it cannot produce more than X. Companies rarely operate at full capacity, both to allow themselves leeway in the event of increased demand and because capacity may not be possible at a given time because of worker illness, machinery maintenance, or other reasons.

capacity

the maximum amount of output that a firm is physically capable of producing, at a point in time, given the fullest and most efficient use of its existing plant or plants.

Over time, a firm may adjust its capacity to meet changes in demand and the competitive situation facing it, investing in new plant or extending existing plant to meet an increase in demand, or closing down plant, permanently or temporarily (‘MOTHBALLING’), to meet a situation of OVERCAPACITY.

When preparing a PRODUCTION BUDGET, it is necessary to ensure that the firm has sufficient production capacity to meet planned output levels. A firm's capacity or the capacity of industry in general may be limited by the availability of capital equipment and labour.

The maximum rate of output which the firm can produce will depend upon the capacity of its individual factories which in turn depends upon the capacity of various departments and work stations within each factory See INPUT-OUTPUT CONTROL, PRODUCTION SCHEDULING, PRODUCTION-LINE BALANCING. See CAPACITY UTILIZATION, LIMITING FACTOR, RATIONALIZATION, INDIVISIBILITIES, CAPACITY CONSTRAINED RESOURCE, CAPACITY CONTROL, CAPACITY CUSHION, CAPACITY PLANNING, CAPACITY REQUIREMENTS PLANNING.

capacity

  1. 1the maximum amount of output that a firm or industry is physically capable of producing given the fullest and most efficient use of its existing plant. In microeconomic theory, the concept of full capacity is specifically related to the cost structures of firms and industries. Industry output is maximized (i.e. full capacity is attained) when all firms produce at the minimum point on their long-run average total cost curves (see PERFECT COMPETITION). If firms fail to produce at this point, then the result is EXCESS CAPACITY.
  2. in macroeconomics, capacity refers to POTENTIAL GROSS NATIONAL PRODUCT. The percentage relationship of actual output in the economy to capacity (i.e. potential national income) shows capacity utilization. See also MONOPOLISTIC COMPETITION.

capacity

The legal ability of parties to enter into contracts.
• Full capacity. Having unlimited ability to enter into binding contracts of all types.
• Limited capacity. Having the ability to enter into binding contracts for certain things, such as a minor's contracts for necessities, but also having the ability to disaffirm other contracts upon reaching legal age, for example.
• No capacity. Having no ability to enter into contracts, such as one who has been adjudicat- ed as mentally incompetent.

References in periodicals archive ?
Take, for example, what is involved in transferring the content of 3480 tapes to DLT with a storage capacity of 10 gigabytes.
Using iSCSI and an IP SAN architecture, storage becomes a utility; simply plug your servers into the network and you will receive consistent and reliable storage capacity for any application Like a utility, storage is consistent and compatible with all applications; it can be delivered with varying degrees of reliability and can be increased and recycled to meet diverse business needs.
No longer do users have to decide on whether to purchase a CDP solution that offers maximum data recoverability or one that helps save on storage capacity and costs.
Storage capacity, then, is n minus m (n-m) in which any number of drives up to "m" can fail without loss of data integrity.
NAS Storage Capacity: NAS servers deliver storage capacity by using efficient combinations of hard disks.
The ENSTOR Katy Storage Hub is interconnected with 13 interstate and intrastate pipelines with a total storage capacity of 21 Bcf and a maximum deliverability of 700,000 MMBtu/d.
IT managers deploying SANs look at storage resources as pools of storage capacity that can be easily allocated across applications as required, lowering support costs and better utilizing the available capacity.
Major New Version of Storage Capacity Management Software Can Save Global 3000 Companies 40 Percent or More on IT-Storage Capital Expenditures
Even in this prolonged economic downturn, storage capacity continues to grow.
8-inch N-series features 20GB, 30GB, 40GB and 60GB per disk capacities - the largest one-disk storage capacity offered by any drive on the market today.