What does OCE mean?
The ratio created by edinn to measure Consumption Efficiency is called OCE (Overall Consumption Effectiveness).
OCE measures the consumption efficiency of all resources, including energy efficiency. It is defined as:
OCE = (Maximum Cost – Real Cost) / (Maximum Cost – Minimum Cost)
- 50% OCE means that the process could double its consumption efficiency by producing the same but consuming half.
- 100% OCE means that the process cannot consume less.