Explain multifactor productivity, Operation Management

Assignment Help:

The following table shows data on the average number of customers processed by several bank service units each day. The hourly wage rate is $15, the overhead rate is 1.0 times labour cost, and material cost is $6 per customer. Unit Employees Customers Processed / Day A 2 32 B 4 46 C 6 64 D 2 24 a. Compute the labour productivity and the multifactor productivity for each unit. Use an eight-hour day for multifactor productivity. (Round your "Labour Productivity" answers to 1 decimal place and "Multifactor Productivity" answers to 3 decimal places.) Unit Labour Productivity Multifactor Productivity A B C D b. Suppose a new, more standardized procedure is to be introduced that will enable each employee to process one additional customer per day. Compute the expected labour and multifactor productivity rates for each unit. (Round your "Labour Productivity" answers to 1 decimal place and "Multifactor Productivity" answers to 4 decimal places.) Unit Labour Productivity Multifactor Productivity A B C D


Related Discussions:- Explain multifactor productivity

Explain what problems does diversity present, Individual diversity is an im...

Individual diversity is an important concept in organizational behaviour. People can be described by a number of categories that are both inherent (e.g., age, race, gender, ethnici

Explain what is the break-even point for this operation, A product is curre...

A product is currently made in a job shop, where fixed costs are $4,500 per year and variable cost is $10 per unit. The firm sells the product for $70 per unit. What is the break-e

Assignment help, discuss the advisability using modular assemblies in manuf...

discuss the advisability using modular assemblies in manufacturing or what are the advantages and disadvantages?

Explain confidence interval calculator, Practical Application Scenario 1 To...

Practical Application Scenario 1 To complete this scenario, use the Confidence Interval Calculator and the Area Gas Prices - Random Sample documents, provided in the resources. The

Explain networking components for an rfid system, Identify the cost of hard...

Identify the cost of hardware, software, and networking components for an RFID system for your company. What factors should be considered? What are the key decisions that have to b

Describe main motivational theories described in the text, There are a vari...

There are a variety of theories of motivation, many of which are complementary. Of the main motivational theories described in the text, which theory or theories do you think would

Explain type of antennas issues signals with equal strength, Name the type ...

Name the type of antennas issues signals with equal strength and clarity in all directions? a. directional b. bi-directional c. tri-directional d. omni-directional

Work study, techniques & applicationa

techniques & applicationa

Explain cost savings by cutting the current price, A company has a new desi...

A company has a new design for their product in next year that can reduce their material cost of producing units from $8.14 to $7.32. The company passes on half of all cost savings

Explain economic order quantity or just-in-time, Complete additional invest...

Complete additional investigation on the JIT and EOQ models. Discuss which of the two inventory models is better and why: Economic Order Quantity or Just-in-Time?

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