The scheduled running time efficiency quotient is based on scheduled running time and measures management's efficiency of scheduled time.
The actual time efficiency quotient is equal to the actual running time divided by the scheduled running time.
Note that it can also be computed as the actual running time divided by the standard running time (i.e., 14 hours/16 hours = .875).
Second, actual running time fell below standard running time; that is, actual time amounted to 14 hours per day rather than the standard running time of 16 hours per day.