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A manufacturing company would like to measure total factor productivity and labor productivity. Given the following data for the last 3 years, find the total factor and labor ratios for each year. How would you interpret the results? Category Year 1 Year 2 Year 3 (Figures are in thousands of dollars) Sales 110 129 124 Materials 62 73 71 Labor 28 33 28 Other Inputs 8 12 10
Some information about the toyota-production-system-principle just in case
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1. To what extend does lean manufacturing help GM to control production to meet customer needs, and how does this help to make GM competitive? 2. Do you think the implementation
Attendance at Los Angeles's newest Disneylike attraction, Vacation World, has been as follows- Quarter Guest in Thousands Quarter Guest in Thousands Winter 07 73 Summer 08 12
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