Explain total factor productivity and labor productivity, Operation Management

Assignment Help:

A manufacturing company would like to measure total factor productivity and labor productivity. Given the following data for the last 3 years, find the total factor and labor ratios for each year. How would you interpret the results?

Category Year 1 Year 2 Year 3

(Figures are in thousands of dollars)

Sales 110 129 124

Materials 62 73 71

Labor 28 33 28

Other Inputs 8 12 10


Related Discussions:- Explain total factor productivity and labor productivity

Explain what is the economic order quantity technique, What is the Economic...

What is the Economic Order Quantity technique and what are the basic assumptions the model formula follows?

Poms-Exercise 01 Decision Tree for Capacity Planning, Ask Poms-Exercise 01 ...

Ask Poms-Exercise 01 Decision Tree for Capacity Planning Expando, Inc. is considering the possibility of building an additional factory that wouldproduce a new addition to its prod

Explain offensive strategies for blockbuster, Will new competition for Redo...

Will new competition for Redox and digital content providers force blockbuster to alter its strategy? If yes, what are the offensive strategies for blockbuster? If not, what are th

Define frame relay is a technology that does noerror control, Frame relay i...

Frame relay is a technology that does no error control. If a frame arrives garbled, it is dropped and frame relay does not inform the transmitter. Is this a reasonable approach?

Explain logos and ethos and pathos, Explain what Logos, Ethos and Pathos ar...

Explain what Logos, Ethos and Pathos are and their relevance to being understood. Also discuss their preferred order of use. Construct an example following this model. Grading r

Explain benefits of using qualitative and quantitative data, Compare and co...

Compare and contrast the benefits of using qualitative and quantitative data collection methods as they apply to organizational development (OD).

What are few of the advantages in having a diverse workforce, Scenario Y...

Scenario You work for a large financial institution that in the past ten years has developed new products and services that appeal to a very diverse customer base located throug

Batch operations - operations function, Batch Operations - Operations Funct...

Batch Operations - Operations Function Batch systems form an intermediate category, and are the most common. Here, many different products are produced at regular or irregular

Explain what entry mode would you use, You are the Vice-President for Inter...

You are the Vice-President for International Development of a small U.S. pharmaceutical company (located in Emeryville, California) which specializes in the development of new medi

Write Your Message!

Captcha
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