Total and partial factor productivity measurements, Operation Management

Assignment Help:

Total and Partial Factor Productivity Measurements 

Total factor productivity (TFP) is the best measure when describing national productivity, because it includes all the inputs used. The partial ratios only consider one input. For example the labour productivity ratio gives the labour input that created the GNP output even though changes in output may be due to increased utilisation of capital. Labour productivity figures are often used because the data is readily available. 

1. National productivity (total factor productivity) = GNP/labour and capital (usually calculated with one year and compared on a year by year basis) 

2. Capital productivity = GNP/capital 

3. Labour productivity = GNP/labour value or labour hours (Partial factor measurements)

We have looked at national productivity, now we will concentrate on productivity measurements for the firm. At the national level, there are total and partial factors in productivity measurement, it is the same at the level of the company.


Related Discussions:- Total and partial factor productivity measurements

Benefits of effective operations management, what are the benefits of effec...

what are the benefits of effective operations management. Discuss.

Describe fully and provide citations, On February 1, Mary verbally agrees t...

On February 1, Mary verbally agrees to work as a businessperson on a temporary basis for the firm of Blacke & Blewe, P.C. The job that Mary is assigned to do will take eight months

Explain external failure costs, Q 1 The probability associated with rejecti...

Q 1 The probability associated with rejecting a high quality lot is denoted in acceptance sampling with the Greek letter alpha. Q 2 Quality control charts usually have a central

State you views about supply chain management, Q. State you views about sup...

Q. State you views about supply chain management? Strategies to attain greater integration of the supply chain through raw material to the eventual final sale and disposal of a

Explain how you would work to make it a effective policy, Discuss an ineffe...

Discuss an ineffective health-care policy that you personally experienced in your practice, and describe the issues that you feel made it unsuccessful. Using instrumentalism as the

Explain what will be dividend pay-out ratio, Axel telecommunications has a ...

Axel telecommunications has a target capital structure that consists of 70% debt and 30% equity. The company anticipates that its capital budget for the upcoming year will be $3mil

Explain what is the expected project length, Task time estimates for the mo...

Task time estimates for the modification of an assembly line at Jim Goodale's Carbondale, Illinois, factory are as follows- a) 6.0 - b) 7.2 - c) 5.0 a d) 6.0 b,c e)

Explain basic concepts of construction management, How does the transformat...

How does the transformation process apply to the field of construction management, and how you might apply the basic concepts?

Explain decrease company profits and increases in wages, Labour relations g...

Labour relations goals for management include: Answer (1) increase company profits, and limit decreases in employee wages and benefits. (2) Decrease company profits, and limit incr

Explain how much money should he plan to save, A freshman college student, ...

A freshman college student, who owns a car, plans to buy a motorcycle. The student expects to save an increasing amount of money on travel every year he is in college, as he will m

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