Up Time – Business Concept
Up Time in business refers to maximizing opportunity to generate profit. There is one key modifier. If the marginal costs to generate revenue exceeds the revenue generated, the business is no longer maximizing profit.
Up Time Concept
The up time concept is a business efficient ratio of maximizing the opportunity to generate profit. Commonly used in the manufacturing to refer to the ratio of actual operational time against a set standard. This business concept exists across the board in all aspects of business from operations through availability to customers.