What does value of time mean?
Definitions for value of time
val·ue of time
This dictionary definitions page includes all the possible meanings, example usage and translations of the word value of time.
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Wikipedia
Value of time
In transport economics, the value of time is the opportunity cost of the time that a traveler spends on his/her journey. In essence, this makes it the amount that a traveler would be willing to pay in order to save time, or the amount they would accept as compensation for lost time. One of the main justifications for transport improvements is the amount of time that travelers will save. Using a set of values of time, the economic benefits of a transport project can be quantified in order to compare them to the costs (thus forming the basis of cost-benefit analysis). In particular, savings (or, for that matter, increases) in travel time form part of the change in consumer surplus for a transport project.
Numerology
Chaldean Numerology
The numerical value of value of time in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of value of time in Pythagorean Numerology is: 3
Examples of value of time in a Sentence
Luc de Clapiers, marquis de Vauvenargues:
You are not born for fame if you don't know the value of time.
Know the true value of time snatch, seize, and enjoy every moment of it. No idleness no laziness no procrastination never put off till tomorrow what you can do today.
A wise man will make haste to forgive, because he knows the full value of time and will not suffer it to pass away in unnecessary pain.
Know the true value of time; snatch, seize, and enjoy every moment of it. No idleness, no delay, no procrastination; never put off till tomorrow what you can do today.
Know the true value of time; snatch, seize, and enjoy every moment of it. No idleness; no laziness; no procrastination; never put off till tomorrow what you can do today.
Translations for value of time
From our Multilingual Translation Dictionary
- Wert der ZeitGerman
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"value of time." Definitions.net. STANDS4 LLC, 2024. Web. 5 May 2024. <https://www.definitions.net/definition/value+of+time>.
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