The fully entangled fraction as an inclusive measure of entanglement   applications
  Characterizing entanglement in all but the simplest case of a two qubit pure state is a hard problem, even understanding the relevant experimental quantities that are related to entanglement is difficult. It may not be necessary, however, to quantify the entanglement of a state in order to quantify the quantum information processing significance of a state. It is known that the fully entangled fraction has a direct relationship to the fidelity of teleportation maximized under the actions of local unitary operations. In the case of two qubits we point out that the fully entangled fraction can also be related to the fidelities, maximized under the actions of local unitary operations, of other important quantum information tasks such as dense coding, entanglement swapping and quantum cryptography in such a way as to provide an inclusive measure of these entanglement applications. For two qubit systems the fully entangled fraction has a simple known closed-form expression and we establish lower and upper bounds of this quantity with the concurrence. This approach is readily extendable to more complicated systems. 
J. Grondalski, D.M. Etlinger, D.F.V. James