Explain total factor productivity and labor productivity, Operation Management

Assignment Help:

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


Related Discussions:- Explain total factor productivity and labor productivity

Explain labour agreements, Outline and explain the three major elements (an...

Outline and explain the three major elements (and their arguments) contained in the controversial question as to whether union security provisions should be negotiated in labour ag

Define the operation process, Recalling your participation in Workshop 1, i...

Recalling your participation in Workshop 1, identify a process at your organisation that has been or could be analysed and/or improved using simulation (via software such as Extend

Explain why is it important to try to fill in the gaps, When interviewing, ...

When interviewing, why is it important to try to fill in the gaps in a candidate's employment history?

supply chain, What is the primary objective of supply chain managemen

What is the primary objective of supply chain management

Describe what will be the duration of management conference, What will be t...

What will be the duration of a management conference duration?

Performance and productivity measurement, Performance and Productivity Meas...

Performance and Productivity Measurement The Performance and Productivity Measurement is divided into two parts: ? Performance measurement and ? Productivity measu

Explain lincoln electric company don''t want to join a union, Why doesn't L...

Why doesn't Lincoln Electric Company want to join a union?

Explain relationship between the company''s values, What is the relationshi...

What is the relationship between the company's values and strategy? Provide real world examples. Additional research is necessary by using scholarly publications. Cite accordingly

Offer a description of the freedom of the world survey, Please provide a de...

Please provide a description of the Freedom of the World survey. What factors are taken into consideration in the survey when forming the rankings?

Explain incurring liability under the equal pay act, Jill and Seth, recent ...

Jill and Seth, recent graduates, were hired as computer analysts for HRJ Enterprises. In a conversation over lunch, Jill discovered that Seth's salary was 15% higher than hers. Ass

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