Explain what is the multifactor productivity of the plant, Operation Management

Assignment Help:

An industrial plant needs to make 100,000 parts per month to meet demand. Each month contains 20 working days, each of which allows for 3 separate 8 hour shifts. a. If a worker can produce 10 parts/hour, how many workers are needed on each shift? b. If each shift has 100 workers, what is the productivity of an individual worker? c. If material costs are $10/part, capital costs are $100,000 and labour costs are $10/hour, what is the multifactor productivity of the plant from part A?


Related Discussions:- Explain what is the multifactor productivity of the plant

Explain the four steps of the feedback control model, Identify and briefly ...

Identify and briefly describe the four steps of the feedback control model

Explain the costs of the new systems that may be implemented, What are the ...

What are the costs of the new systems that may be implemented? How do we justify their implementation at Can Go?

Explain work study, Explain work study. Definition of Work Study: it,...

Explain work study. Definition of Work Study: it, as defined by British Standard Institution, is a generic form for those techniques mainly 'Method Study' and 'Work Measureme

Explain security and financial controls, Please explain in detail the answe...

Please explain in detail the answer for the following scenario: You are an IT project manager and have been given an unrealistic deadline. In order to get a project done on the req

Desicion making chapter 1, analyze the decision tree in figure A.8 what is ...

analyze the decision tree in figure A.8 what is the expected payoff for the best alternative? first be sure to infer the missing probabilities

Effect of statistical process control, Effect of Statistical Process Contro...

Effect of Statistical Process Control The essence of this approach is that, having set up a process and established that it is stable, sample measurements of the process outpu

Productivity, which difference between operation performance and productivi...

which difference between operation performance and productivity?

Explain lead time, Explain Lead Time. Lead Time : Lead Time is the tim...

Explain Lead Time. Lead Time : Lead Time is the time that takes the stock to reach from Re-order point to minimum stock level. This may be also defined as the time as elapses

Lpp. operation research, A paper mill produces two grades of paper viz., X ...

A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i

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