capacity

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Capacity

Credit grantors' measurement of a person's ability to repay loans.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
[4] Nonstandard abbreviations: Tf, transferrin; Fe0-Tf/apoTf, transferrin with no [Fe.sup.3+] ions bound; Fe1N-Tf, monoferric transferrin with [Fe.sup.3+] bound to the N-terminal lobe; Fe1C-Tf, monoferric transferrin with [Fe.sup.3+] bound to the C-terminal lobe; Fe2-Tf, diferric transferrin; IEF, isoelectric focusing; NTA, nitrilotriacetic acid; TIBC, total iron-binding capacity; and NA, neuraminidase.
The various serum iron and iron-binding capacity measures, instrumentation, and analytic methods used by the 25 participating laboratories are available in the Data Supplement that accompanies the online version of this Technical Brief at http: // www.clinchem.org/content/vol49/issue10/.
Modification of fully automated total iron-binding capacity (TIBC) assay in serum and comparison with Dimension TIBC method.
As an alternative to direct measurement methods, TIBC values are also calculated from the sum of serum iron and unsaturated iron-binding capacity (UIBC), both of which are determined by colorimetric methods (calculation method).
Total iron-binding capacity (TIBC) indicates the maximum amount of iron necessary to saturate all available transferrin iron-binding sites.
It has been suggested that this method shows less variability than the total iron-binding capacity method, especially at high ferritin concentrations (26, 27).
The serum total iron-binding capacity (TIBC) represents the maximum concentration of iron that can be bound by an individual's serum protein.
The method for total iron-binding capacity was J&S alumina adsorption, with CVs of 3.0% in low-concentration serum pools and 2.5% in high-concentration serum pools in repeated within-run precision calculations.
Serum iron, percentage of saturation, and total iron-binding capacity, however, lack sensitivity and are too labile to be of value as single determiners (1).
Unbound iron-binding capacity to preselect individuals for genotyping has been proposed as a cost-effective screening strategy (16).
Iron-binding capacity was calculated using the formula: Fe ([micro]g/dL)/transferrin (mg/dL) X 100.
On the basis of this finding it was suggested that iron released through HO activity drives the synthesis of ferritin and that ferritin, by virtue of its iron-binding capacity, provides protection to endothelial cells against oxidative damages (43).