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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 ($)
Batch Operations - Operations Function Batch systems form an intermediate category, and are the most common. Here, many different products are produced at regular or irregular
State of nature decision S1 S2 S3 D1 250 750 500 D2 300 -250
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Related to the Design of Tools and Equipment: 1. The hands should be relieved of all work that can done more advantageously by a jig a fixture or a foot operate
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