Compute the multifactor productivity of this process

Assignment Help Operation Management

Reference no: EM131147147

Suppose that the daily output of a production process is worth $90,000 and the labor and material costs are $28,000 and $23,000, respectively. Compute the multifactor productivity of this process - accurate to at least 2 decimals (e.g., x.xx).

Reference no: EM131147147

Questions Cloud

Single window for serving customers : An ice cream store has a single window for serving customers. Customers arrive at the rate of 10 per hour (Poisson distributed). The store can serve 15 customers per hour (Poisson distributed). What is the average number of customers waiting in line,..

Doug is using rational decision making : Doug is using rational decision making, and the chosen alternative that was implemented does not appear to be working. To correct the situation, the possibilities Doug should consider include

Customer input used in the house of quality : Which of the following is NOT a customer input used in the house of quality (QFD)?

Managerial example to creating culture of integrity : Evaluate the importance of managerial example to creating a culture of integrity. Does this importance change based on how high or low a manager is in the organization? Provide a detailed evaluation that demonstrates clear, insightful critical thinki..

Compute the multifactor productivity of this process : Suppose that the daily output of a production process is worth $90,000 and the labor and material costs are $28,000 and $23,000, respectively. Compute the multifactor productivity of this process.

What is the break-even quantity : BMW is considering producing a hybrid car with a target selling price of $35,000. The new facility will employ approximately 2100 workers. The estimated fixed cost of producing the vehicles is $57,000,000. The variable costs are expected to be $27,00..

Calculation should be rounded to nearest whole dollar value : Joy has $5,000 to invest. She is considering two potential investments: a one-year CD (certificate of deposit) and a stock mutual fund. The CD is guaranteed to pay a 1.5% return. Do not include '$' in your response and your calculation should be roun..

Mediation techniques-negotiation and role clarification : Select one of the team mediation techniques (negotiation, role clarification, or start-stop-continue), and describe how you would use this technique to defuse a team conflict situation. Include an example of one of the techniques that you have witnes..

What about shortest period of time : However, Class, when calculating proportional scores, remember that for some objectives, the "highest (or best)" value is the lower number. So, for instance, if the objective is to "Minimize Reinvestment/Repair" would $2000 or $0 be the "best" value ..

User Account

All Pages