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

Product focused production system, Product Focused Production System ...

Product Focused Production System In this type of production processing, the production departments are organized according to the type of product / service being produced, a

Explain what is the critical path, The following represents a project that ...

The following represents a project that should be scheduled using CPM: Time (DAYS) Activity Immediate Predecessors a m b A - 1 3 5 B - 1 2 3 C A 1 2 3 D A 2 3 4 E B 3 4 11 F

What separates characteristics from management techniques, Provide two exam...

Provide two examples of current leaders and describe how they demonstrate their leadership characteristics. What separates these characteristics from management techniques? How eff

Explain most apprenticeship programs are in skilled trades, 1. Which one of...

1. Which one of the following statements is NOT true of apprenticeships? Most apprenticeship programs are in the skilled trades. A major advantage of apprenticeships is the a

Describe the differences between utilization and efficiency, Discuss the di...

Discuss the differences between utilization and efficiency as measures of system performance. Which (if any) is the most useful measure for an operations manager? Why?

Industrial production index, Industrial Production Index The measure of...

Industrial Production Index The measure of the combined output of all products like mining, manufacturing, and electric and natural gas utilities organization in the United Sta

What is utility of computer aided design, Q. What is utility of computer ai...

Q. What is utility of computer aided design to manufacturing operations? Computer aided design (CAD) automates the expansion of new product designs quicker. While integrated wi

What benefit would utilize the optimal order quantity yield, Garden Variety...

Garden Variety Flower Shop uses 750 clay pots a month. The pots are purchased at $2 each. Annual carrying cost per pot are estimated to be 30 percent of the cost and ordering costs

Linear programing, Ask question #Minimum 100 words acceptNas food produces ...

Ask question #Minimum 100 words acceptNas food produces to kinds of popular dark chocolate bars. the banana and coffee. the banana bar costs 0.22 to make and sells of 0.35, where a

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