The steps are: 1  Make an n length fixed array to hold the results. 2  Populate the array with the first n elements of the input. 3  Transform the array into a minheap. 4  Loop over remaining inputs, replacing the top element of the heap if new data element is larger.  If needed, sort the final n elements.
So, a rate of 85% is consistently considered to be an optimal rate for most businesses. When a startup business does not operate at a productive capacity of hundred percent, it is considered to have âspare capacityâ. Why is capacity utilization important? Capacity utilization is considered to be a highly important and relevant concept as; It is often used as a determinant of the productive efficiency of a company. With the rise in output, the average cost of production is likely to fall. This means, more capacity utilization can drastically reduce unit costs thereby helping the business to stand an edge ahead of its competitors.
The fraction of the labor force currently employed, which is measured as 100 percent minus the unemployment rate; Santacreu noted that companies typically use around 80 percent of their available productive capacity (measured by the capacity utilization rate). This number is higher during economic expansions and lower during recessions. The figure below plots the two measures at quarterly intervals from 1967 through the first quarter of 2016. As the figure shows, employment as a fraction of the labor force tends to move in a similar fashion to the capacity utilization rate. Santacreu noted that the correlation between the two measures was 0.90 for the period 1967:Q1 through 1990:Q1.