Compute the labor productivity and multifactor productivity

Assignment Help Operation Management

Reference no: EM1399725

The following table shows data on the average number of customers processed by several bank service units each day. The hourly wage rate is $30, overhead rate is 1.0 times labor cost, and material cost is $7 per customer.
Units Employees Customers Processed
A 3 28
B 6 44
C 7 62
D 2 22
a.Compute the labor productivity and the multifactor productivity for each unit. Use an 8 hour day for multifactor productivity. And if a new procedure is introduced that allows employees to process one additional customer per day, compute the expected labor and multifactor productivity rates for each unit.
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 labor and multifactor productivity rates for each unit.

Reference no: EM1399725

Questions Cloud

Deploying an erp system : Research ERP systems by visiting the ERP company provider website of your choice what are the challenges associated with acquiring and deploying an ERP system? Cite any references you use at the end of the paper.

Determining discrete distributions : Share 1 real-world binomial distribution situation and 1 real-world Poisson distribution situation. Be sure to explain why each example is defined as binomial or Poisson.

What is the possibility that a randomly chosen worker : What is the possibility that a randomly chosen worker is- Neither married nor a college graduate?

Fail to reject the null hypothsis : The test statistics in a right tailed test is z= 2.50. Also use a .05 significance level and state the conclusion about the null hypothesis (reject null hypothesis or fail to reject the null hypothsis)

Compute the labor productivity and multifactor productivity : The following table shows data on the average number of customers processed by several bank service units each day. The hourly wage rate is $30, overhead rate is 1.0 times labor cost.

Finding value that corresponds to standard scores : Find the value of x that corresponds to each of these standard scores z = -1.85.

Explain what does the evolution of coke''s strategy : Explain what does the evolution of Coke's strategy tell you about the convergence of consumer tastes and preference in today's global economy?

Examine external factors with the efe matrix : As a part of the strategic planning process, our firm will have to examine external factors with the EFE Matrix and internal factors with the IFE Matrix.

Utilize the internet to investigate how heidelberg : Utilize the Internet to investigate how Heidelberg and Honeywell and Eaton are proceeding in their use of smart products and services. Realize if they are proceeding in their utilization of smart products and services

User Account

All Pages