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

Operation Management, what are the factors that affect productivity

what are the factors that affect productivity

Explain project management tools for a health care, "Project Management" Pl...

"Project Management" Please respond to the following: •Determine the key characteristics that should be considered when selecting project management tools for a health care organiz

Explain employee empowerment and participation important, For you personall...

For you personally, do you consider employee empowerment and participation important? Would you take a job where you are not empowered?

Define job evaluation, Define job evaluation. Definition: Job evaluatio...

Define job evaluation. Definition: Job evaluation is a systematic process of evaluating various jobs of an organization. Depending on the characteristics and needs of a job, jo

Do you think that there is too much advertising out there, Do you believe t...

Do you believe that there is too much advertising out there? Do you think there should be a limit to advertising? Explain.

Explain compensation, Explain Compensation. Compensation: An employe...

Explain Compensation. Compensation: An employer is not responsible to pay compensation to an employee under the given circumstances/occasions: - (i) While the injury disa

Describe current trends in employee benefits, 1) Discuss current trends in ...

1) Discuss current trends in employee benefits and how they might affect workers. 2) Explain what factor is most important for a culture to be successful and the role cultural stre

Explain model of behaviour modification, Model of behaviour modification an...

Model of behaviour modification and the four contingencies of reinforcement.(cited/referenced)

Outline the positives as well as negatives of each approach, In a group env...

In a group environment, should leaders be assigned at the beginning of a project or should leaders emerge as the group is working on the project? Outline the positives and negative

Use cases, A case study presents an account of what happened to an organisa...

A case study presents an account of what happened to an organisation or business over a period of time. It chronicles the events that occurred within that organisation and which th

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