What is the current multifactor productivity

Assignment Help Operation Management
Reference no: EM13223835

Charles Lackey operates a bakery in Idaho Falls, Idaho. Currently, the bakery has 4 employees, each one working 160 hours per month. Because of its excellent product and excellent location, demand has increased by 30% in the last year. On far too many occasions, customers have not been able to purchase the bread of their choice. Because of the size of the stores, no new ovens can be added. Charles can improve the yield by one of these two options: (1) adding a new employee; (2) purchasing an improved blender. A new blender means an increase in his investment. This added investment has a cost of $1,200 per month. The total number of labor hours required per month is 640. The pay will be $8 per hour for employees. The bakery made 1,500 loaves this time last year. If utility costs remain constant at $500 per month, and cost of ingredients at $0.35 per loaf,

What is the current multifactor productivity?

 

Reference no: EM13223835

Questions Cloud

What is the average number of bags on hand : If holding costs were to increase by $9 per year, how much would that affect the minimum total annual cost?
Instrumental-informational-describe-emotional-social network : Describe these coping and support strategies: Instrumental-informational-Describe-emotional-social network
How would covered interest arbitrage impact the bond : A 1 year US treasury bond yields 0.5% (0.005 as a decimal), and the 1-year euro bond rate is 1.0%. If the current spot rate is € .7565/ $ , and the current 1-year forward rate is €.7465, then which investment offers the highest return
What an organization foundation is based on : Identify and explain what an organization's foundation is based on. In addition, describe two steps an organization can take if they truly want to increase employee morale.
What is the current multifactor productivity : What is the current multifactor productivity?
Instrumental-informational-esteem-emotional-social network : Instrumental-informational-esteem-emotional-social network
Explain moderately strong bonds to p- donor ligands : Comment on the following observation: in its complexes, Co(III) forms strong bonds to O- and N- donor ligands, moderately strong bonds to P- donor ligands
Did training program actually increase the production rate : We want to determine if the training program was effective. Give the hypotheses for this problem. Compute the test statistic. At 95% confidence, test the hypotheses. That is, did the training program actually increase the production rates
What is the probilty that gac will sell all units it orders : What is the probilty that GAC will sell all units it orders?

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!

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