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Utility and Cost Utility Ratio Calculator

Enter Utility Inputs:

<-- Util Meth. 1
<-- Util Meth. 2
<-- Weights
<-- Cost Mth. 1
<-- Cost Mth. 2
  

How does the Utility and Cost Utility Ratio Calculator work?

Given 2 methods with a set of utilities and weights/probabilities, this will calculate the utility for each method, as well as the total utility using the additive method, as well as the Cost Utility Ratio
This calculator has 5 inputs.

What 1 formula is used for the Utility and Cost Utility Ratio Calculator?

  1. CURi = Costi / Ui

For more math formulas, check out our Formula Dossier

What 5 concepts are covered in the Utility and Cost Utility Ratio Calculator?

cost
an amount that has to be paid or spent to buy or obtain something
cost utility ratio
Measures the quotient of cost to utility
C/U
probability
the likelihood of an event happening. This value is always between 0 and 1.
P(Event Happening) = Number of Ways the Even Can Happen / Total Number of Outcomes
ratio
indicates how many times one number contains another
utility
Preference for goods and services above money



Utility and Cost Utility Ratio Calculator Video