Not that simple, considering that you should account for other factors such as lost productivity, etc. Even though a Prius clearly gets better gas mileage than a Peterbilt, using a fleet of Priuses to haul merchandise to various Wal-Marts may be less efficient overall. Turning the computer off whenever you aren't using it (which is what you seem to advocate) is untenable for many people. I guess it depends on the extent and type of your computer use.I'm not sure how much more simple this can be.
As I said earlier, I generally leave it on and running normally from about 9 AM - 1 AM, and I put it to sleep when I am sleeping unless there are processes running.