Multifactor productivity for operation

Assignment Help Operation Management
Reference no: EM131399944

A health club has 3 employees who work on lead generation. Each employee works 25 hours a week, and is paid $23 an hour. Each employee identifies an average of 220 possible leads a week from a list of 8,000 names. Approximately 10 percent of the leads become members and pay a one-time fee of $115. Material costs are $195 per week, and overhead costs are $1,205 per week. Calculate the multifactor productivity for this operation in fees generated per dollar of input. The multifactor productivity for this operation in fees generated per dollar of input = ____ (round to 4 decimal places)

Reference no: EM131399944

Questions Cloud

Measuring organizational business : Measuring Organizational Business Decisions are critical to business. Compare and discuss business success metrics with those listed and discuss those metrics that you think would be most critical in business.
How the interpretation of data can lead to confusion : Interpretation is subjective. Describe one real world example (from the news or your own environment) that demonstrates how the interpretation of data can lead to confusion, challenges or incorrect conclusions.
Analyze the six images of managing change presented : Analyze the six images of managing change presented in your text. Identify the key elements each of the six images proposes for change management. Discuss why these traits are significant to managing change successfully.
Describes relationship management and social responsibility : Describes Relationship Management & Social Responsibility. Choose two different companies and explain briefly how two different companies are working to develop relationships (can be with buyers, suppliers, community, or even competitors) and/or are ..
Multifactor productivity for operation : A health club has 3 employees who work on lead generation. Each employee works 25 hours a week, and is paid $23 an hour. Each employee identifies an average of 220 possible leads a week from a list of 8,000 names. The multifactor productivity for thi..
Strategic role of communication in the commercial enterprise : Explain the strategic role of communication in the commercial enterprise. Focus on one context for communication (i.e., Administrative, HRM, Sales, Production, PR, etc).
Compute the multifactor productivity measure : Compute the multifactor productivity measure for an 8 hour day in which the usable output was 405 units, produced by 5 workers who used 760 pounds of materials. Workers have an hourly wage of 21 and material cost is 1.5 per pound. Overhead is 1.3 tim..
According to maslow hierarchy of needs theory : According to Maslow’s Hierarchy of Needs Theory, why would a routine job be motivating in an undeveloped country like Somalia, yet not motivating in developed countries?
Labor content of the jobs needed to produce shopping carts : A Company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Compute the multifactor productivity (MFP) (labor plus equipm..

Reviews

Write a Review

Operation Management Questions & Answers

  Comparing two competitor strategies

As the industry watches to see how United Airlines' strategy performs against American Airlines' strategy, management at United Airlines is anxiously monitoring market signs to determine its next competitive move.

  Professionals to have better understanding of management

Perlman and Varma (2005) state the following in the discussion of their research: "In sum, it is important for IT professionals to have a better understanding of management. After reviewing the article (the discussion section in particular) and consi..

  High process time variability in first stage-low variability

What might you do in designing a two-stage process where each process had equal average process time but with high process time variability in the first stage and low variability in the second stage? Identify at least 2 options. Why are these good po..

  Can be to avoid the risk-mitigate the risk

can be to avoid the risk, mitigate the risk, or accept the risk.

  Example of a leader making critical business decisions

Describe a real-world (personal experience or news story) or fictional (book or movie) example of a leader making critical business decisions without the input of others in the organization. What were the positive and negative results of that type of..

  What is the logistics of this retaining practice

Why do businesses such as Macy's hire seasonal and part time employees. what is the logistics of this retaining practice, explain what goes behind such a practice and why does this beneifit the company?

  Understanding the role of information systems

What major features of a business are important for understanding the role of information systems?

  Consulting with the owner of better bodies-chain of gyms

You are consulting with the owner of Better Bodies, a national chain of gyms. What strategies might Better Bodies use in applying information services to achieve a competitive advantage?

  Circular flow of economic activity

Circular Flow of Economic Activity. What goes into your decision to work (for households)?

  Major problem with their work order system

Source Gas had a major problem with their work order system. The system would process work orders and then send them via mobile devices to the field technicians. The orders were not prioritized and were not aligned with any particular need or or busi..

  Designing products for production or manufacturability

Please describe experience applying correct policies, procedures, and guidelines to resolve a customer inquiry/complaint.  What is meant by designing products for production or manufacturability? What is the most important factor in taking this appro..

  Biological-functional conflict and symbolic interaction

Sociologists explain deviance by three (3) major perspectives: biological, functional conflict, and symbolic interaction. Identify your role, for example, as a parent and which perspective best reflects your personal experience. Discuss the main reas..

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