Determine the percent change in productivity

Assignment Help Operation Management
Reference no: EM131357039

As part of a study for the Department of Labor Statistics, you are assigned the task of evaluating the improvement in productivity of small businesses. Data for one of the small businesses you are to evaluate are shown at right. The data are the monthly average of last year and the monthly average this year. Determine the multifactor productivity with dollars as the common denominator for:

a) Last year.

b) This year.

c) Then determine the percent change in productivity for the monthly average last year versus the monthly average this year on a multifactor basis.

  • Labor: $8 per hour
  • Capital: 0.83% per month of investment
  • Energy: $0.60 per BTU

 

Last Year

This Year

Production (dozen)

1,500

1,500

Labor (hours)

350

325

Capital investment ($)

15,000

18,000

Energy (BTU)

3,000

2,700

Reference no: EM131357039

Future home office of allied plastics

Larry has worked for a 2,500-employee chemical manufacturer, ABCHEM, for 2 years. He went to work on Monday morning to find his key no longer fit the front door lock and a new

Write a paper on computer manufacturing

Experts predict that notebook computers soon will have 10 times the power of a current personal computer, with a touch sensitive color screen on which one can write or draw wi

Discusses various aspects of strategic planning

Discusses various aspects of strategic planning, including the mission and vision of the organization. What are the dangers of having a flawed mission statement? How does a fl

Systematic extraction of decision-aiding insights out

Your final project entails systematic extraction of decision-aiding insights out of dataset (Sample DataSet.xisz) provided to you in the Doc sharing area. In this section, y

Compute the probability that each path will be completed

Compute the probability that each path will be completed in the desired 20-week period. Why is the computation of the probability of completing a project on tim

Series of preferred stock purchasing agreement

Basis entered an agreement with Amazon whereby it would provide services allowing Amazon to create an electronic commerce service in Japan.A few months later, they signed a "S

Stretching and lifting to prevent ergonomic injuries

Advocating for reducing tasks that involve twisting, turning, stretching and lifting to prevent ergonomic injuries can be a double-edged sword. Employers who want to minimize

Differently in front of offerings on funerary stelae

Figures were positioned differently in front of offerings on funerary stelae. Describe the differences between those positions depicted in the Old Kingdom versus the First Int

Reviews

Write a Review

 
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