Compute the multifactor productivity

Assignment Help Operation Management

Reference no: EM131133593

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. Prior to buying the new equipment, the company used 4 workers, who produced an average of 87 carts per hour. Workers receive $13 per hour, and machine coast was $32 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $18 per hour while output increased by four carts per hour.

a) Compute the multifactor productivity (MFP) (labor plus equipment) under the Prior to buying the new equipment. The MFP (carts/$) = (round to 4 decimal places).

b) Compute the % growth in productivity between the Prior to and after buying the new equipment. The growth in productivity = % (round to 2 decimal places)

Reference no: EM131133593

Questions Cloud

What type of health insurance is medicare : Discussion responses should be on topic, original, and contribute to the quality of the discussion by making frequent informed references to course materials. What type of health insurance is Medicare? How is it paid for and who is eligible for it?

Group-level theories of specialization emphasize : Group-level theories of specialization emphasize the use of structural? forms, which can experience a negative correlation between increased differentiation and organizational performance.

Personal identification with the? leader : Personal identification with the? leader:

True for the integrating conceptual model presented : Which is not true for the integrating conceptual model presented in this? chapter?

Compute the multifactor productivity : 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..

Discuss about staffing and training : Discuss about staffing and training. What kind of people would you hire for your organization and how will you train them? What kind of management experience would you build in training and education model?

Describe the characteristics of mechanistic organization : Using graphs, please identify and describe the characteristics of a ‘mechanistic’ organizational structure and an ‘organic’ organizational structure. Also, please discuss how the term “form follows function” relates to the difference between these tw..

Discuss the characteristics of integrative bargaining : Please identify and discuss the characteristics of ‘Integrative Bargaining’ and why the instructor argued that these characteristics are, also, related to the collaborative style of conflict management. Please include in your discussion how ‘integrat..

Use an electronic database : Use an electronic database (college library) or search the Web to locate articles or links to job search or resume sites (minimum of three articles). Make a list of at least five good job search pointers--particularly ones that were not covered in th..

User Account

All Pages