consumption schedule

Consumption scheduleclick for a larger image
Fig. 33 Consumption schedule. A simple consumption schedule that takes the linear form C = a + b Y, where C is consumption and a is the minimum level of consumption expenditure at zero-disposable income (autonomous consumption). Thereafter consumption expenditure increases as income rises (induced consumption), and b is the proportion of each extra £ (pound) of disposable income that is spent. The 45-degree line OE shows what consumption expenditure would have been had it exactly matched disposable income. The difference between OE and the consumption schedule indicates the extent of dissavings or SAVINGS at various income levels. The slope of the consumption schedule is equal to the MARGINAL PROPENSITY TO CONSUME. See SAVINGS SCHEDULE, LIFE-CYCLE HYPOTHESIS, PERMANENT-INCOME HYPOTHESIS.

consumption schedule

a schedule depicting the relationship between CONSUMPTION EXPENDITURE and the level of NATIONAL INCOME or DISPOSABLE INCOME, also called consumption function. At low levels of disposable income, households consume more than their current income (see DISSAVING), drawing on past savings, borrowing or selling assets in order to maintain consumption at some desired minimum level (AUTONOMOUS CONSUMPTION). At higher levels of disposable income, they consume a part of their current income and save the rest (see SAVING). See INDUCED CONSUMPTION.
References in periodicals archive ?
The default schedule and plug-load consumption schedule in the energy simulation were used in Case 1.
The comparison of electricity consumption schedule before and after optimization is shown in table 1.
Three main headings into Manto 3 ore will allow production of 159,000 wet metric tons (mt) over the next eight months, and along with two other underground mining areas, will meet Boleo's initial consumption schedule of 11,400 wet mt/d.
The lower the value of the right-hand side of (6) the less binding the incentive constraint will be and the better the consumption schedule that can be implemented.
According to the Energy Ministry, Virtually all Belarus major industrial enterprises work in the so-called base, so it is impossible to re-arrange the consumption schedule and switch from the morning maximum to the night maximum.
Energy monitoring, Forecasting the contractor~s electricity consumption and compiling hourly consumption schedules.
Daily fluctuations in consumption schedules and seasonal fluctuations are largely determined by meteorological factors: ambient air temperature, illumination, humidity, wind speed [7].
The electricity consumption limits and consumption schedules will be discussed with local government bodies.
Syncra's supply chain planning tools offer a practical and cost-effective way to integrate manufacturers with their suppliers, providing visibility into their trading partners' consumption schedules and driving excess costs and inventories from the supply chain.
energy monitoring, estimation of the customer~s electricity consumption and compilation of hourly consumption schedules.
energy monitoring, estimation of the energy consumption of the employer and compilation of hourly consumption schedules.
c / energy monitoring - forecasting the quantities of consumed electricity for the sites of the contracting authority and compiling hourly consumption schedules.