User Account

All Pages

Define multifactor productivity

Assignment Help Operation Management
Reference no: EM132802157

While labor productivity refers specifically to the ratio of output per labor unit, multifactor productivity involves more of a big picture perspective. This type of productivity measures economic performance by comparing total production to total inputs that were used in production.

Go to the U.S. Department of Labor, Bureau of Labor Statistics, and review the section on Multifactor Productivity.

Please provide the following information:

-Define multifactor productivity (MFP) in the terms provided by the Bureau.

-Describe the different applications of the MFP measure. For example, does it apply to the not-for-profit agricultural business?

-Explain what is meant by "MFP is also developed for 2- and 3-digit Standard Industrial Classification (SIC) manufacturing industries, the railroad transportation industry, the air transportation industry, and the utility and gas industry."

-What can be learned from these comparative statistics?

Reference no: EM132802157

Questions Cloud

Research an actual arbitration case involving a company : Research an actual arbitration case involving a company and its union by choosing a case from the National Labor Relations Board (NLRB) Web site that was issued
Declaration of an organization reason : Ideas on how to create a vision and mission statement for a business that manufacture and sell cars and trucks.
What are three issues of strategic significance : -Conduct an online search, what are three issues of strategic significance that Starbucks has encountered within the past 12 months.
Discuss the productivity and ethical implications of industr : Discuss the productivity and ethical implications of this industry and these two divergent opinions.
Define multifactor productivity : Go to the U.S. Department of Labor, Bureau of Labor Statistics, and review the section on Multifactor Productivity.
Express the balance sheets in common-size percents : Question - Mixon Company's year-end balance sheets show the following: Express the balance sheets in common-size percents
Role of technology in value-driving om systems : For this discussion, we will look at the role of technology in value-driving OM systems. Develop a main response in which you:
Summarize the possible outcomes of a controlled operations : Processes within operations management are an essential part of business success. Careful attention must be paid to these processes to ensure they continue smoo
What is the variable cost of ordering pizza : The school cafeteria can make pizza for approximately $0.30 a slice.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd