Productivity -numerically defined, Operation Management

Assignment Help:

Productivity -Numerically Defined

Total factor productivity (TFP) = Pt = Ot/(L+C+R+Q) 

Partial factor productivity (PFP) = Ot/L or C or Ot/a combination of  inputs 

 Pt = Total factor productivity 

 Ot = Total output (sales value $) 

 L = Labour input factor ($) 

 C = Capital input factor ($) 

 R = Raw materials/purchased parts ($) 

 Q = Other miscellaneous services ($)


Related Discussions:- Productivity -numerically defined

Explain quality circle and high involvement applications, Compare and contr...

Compare and contrast the Quality Circle and High Involvement applications of employee involvement

Explain alternatives favourable market unfavourable market, Karen Villagome...

Karen Villagomez, president of Wright Industries, is considering whether to build a manufacturing plant in the Ozarks. Her decision is summarized in the following table: Alternativ

Explain manufacturing budget, Explain manufacturing budget. Manufacturi...

Explain manufacturing budget. Manufacturing budget needs the following fundamental budgets or estimates to meet the plans:- (i) To be manufactured, production budget outlini

Explain the process of outsourcing, Outsourcing The process of outsourci...

Outsourcing The process of outsourcing the creation of a product or a service is a controversial, yet critical strategic decision for many employers. Describe one example from y

Explain nurses can do measurement and provide instructions, Process Analyti...

Process Analytics Caselet 1 Overview respond to this caselet, which is based in a health care setting. Preparation Read through the following caselet. You are an operations manager

What is the aim of focus factories in manufacturing, What is the aim of foc...

What is the aim of focus factories in manufacturing? Focus factories: The aim of this is to decrease the cost of ‘part finished stock’ for example, work-into-progress. P

Compute the holding period return for an investor, The prices for company A...

The prices for company A for the first quarter of 2007 are given below. The price of the stock on January 1, 2007 was $120. Find the holding period return for an investor who purch

Describe how personal selling can help solve the problem, Explain how perso...

Explain how personal selling can help solve the problem of information overload.

Describe how sharpen the saw is applied, Explain how "sharpen the saw" is a...

Explain how "sharpen the saw" is applied in the Toyota Production System Grading rubric (Highest quality answers will consider ALL of the following) Describe "sharpen the saw

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