Enter Utility Inputs:
How does the Utility and Cost Utility Ratio Calculator work?
Free Utility and Cost Utility Ratio Calculator - 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.
This calculator has 5 inputs.
What 1 formula is used for the Utility and Cost Utility Ratio Calculator?
CURi = Costi / Ui
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What 6 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
- weights
Utility and Cost Utility Ratio Calculator Video
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