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Definition of


Operations & Production

measure of production capability the measure of the capability of a workstation or a plant to produce output. Capacity measures can focus on a variety of factors, which typically include quantity (the number of items produced over a given period) and scope (the range of items produced by type or size).

Definitions of ’capacity’ and meaning of ’capacity’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’capacity’ and other financial terms with our online QFINANCE Financial Dictionary.

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