The formula to calculate the depletion rate is:
\[ DR = \frac{IQ - CQ}{TS} \]
Where:
The depletion rate is a measure of the rate at which a resource is being consumed or used up. It is an important metric in resource management, helping to predict when a resource will be exhausted and to plan for sustainable usage. The depletion rate can apply to natural resources, inventory stock, energy consumption, and more.
Let's assume the following values:
Using the formula to calculate the depletion rate (DR):
\[ DR = \frac{IQ - CQ}{TS} = \frac{100 - 20}{10} = 8 \text{ units per hour} \]
The Depletion Rate (DR) is 8 units per hour.