Quantitative versus qualitative measurements, Operation Management

Assignment Help:

Quantitative Versus Qualitative Measurements

A variety of formulae can be used to determine productivity as illustrated. These are generally referred to as 'hard' or quantifiable measures. Another measure of productivity gaining importance are qualitative measures which highlight the increased importance placed on quality within the system. Quality in this case relates not only to final product quality, but also to the quality of workforce, raw materials and transformation facility quality, and also the perceived standard of the job which the worker carries out. The concept of productivity, especially as an American definition, has expanded to try to take into account of the impact that the workplace and the working environment (measured through such features as number of years service, staff turnover, days absence and number of days lost through disputes) have on productivity. Joseph Prokopenko - a senior consultant with the International Labour Organisations' management development branch - is the author of Productivity management - A practical handbook (1987), one of the very few texts available dealing with productivity issues in depth. He is one of a number of productivity authorities at pains to indicate that productivity should not be confused with intensity, especially labour intensity, since organisational (and transformation - of input to output) efficiency, rather than working faster or longer is the key to improvement. There are a number of other misconceptions of what productivity aims to do, mostly as a result of poor understanding of the systems approach, described in Chapter 1 of this unit, being unable to determine the true input to be measured against output or vice versa, confusion of efficiency (being expressed in terms of a speed of production and not efficiency of input transformation) or

confusion of the definition of profit and productivity. 

There are four main classes of input to the system: 

  • Labour
  • Capital
  • Raw materials
  • Services.

 

For measurement purposes, it is normal for these parameters to be expressed in terms of either market value or cash related to a base year (ie related by a discounting factor to a 'year zero' value). This can, however cause some difficulties: for example, whilst labour hours may be measured in terms of the total salary paid to production workers (one of the easier parameters to be measured) particular difficulty can be encountered in the separation and calculation of capital inputs. Outputs can usually be determined on the basis of the value of the goods and services that the organisation supplies to its customers.


Related Discussions:- Quantitative versus qualitative measurements

Compute the value of the tax shield that the cost-depletion, You have a lea...

You have a lease on an oil and gas property with 87.5% NRI that delivers your firm annual profits of $400,000 for five years, with equal production in each year (you will need to t

Describe the types of evidence that you would look for, Discuss the types o...

Discuss the types of evidence that you would look for in order to determine whether a needs analysis has been improperly conducted. How would you know? Why?

Describe major options for appraisal of employees, What are the major optio...

What are the major options for appraisal of employees? Discuss each option, identifying the one that you think is "Best", and why you chose that option

Explain inquiring minds want to know, On companion website Read Case Stu...

On companion website Read Case Study: Inquiring Minds Want to Know 1 Build the management-research question hierarchy. 2 What ethical issues are relevant to this study?

A trial balance discloses how many types of errors, A Trial Balance disclos...

A Trial Balance discloses how many types of errors? A Trial Balance discloses errors that are given below:   i)    An item posted double.   ii)   A mistake into posting.

Discuss the business model and strategy have evolved, Discussion is about D...

Discussion is about Dell Computer's business strategy in the increasingly competitive PC market. For this discussion, research the company and its business strategy and answer the

Explain traffic density, Subway, with more than 20,000 out lets in the U.S....

Subway, with more than 20,000 out lets in the U.S., is planning for a new restaurant in Buffalo, New York. Three locations are being considered. The following table gives the facto

Explain can the baker sue kristina for payment of the cake, Kristina places...

Kristina places an order for a cake on Flowers bakery's web site. She then calls the baker to tell him that she will pay him $1000 for the specially designed cake if he will guaran

Supply chain operation, Please diagram a supply chain.  I prefer that you d...

Please diagram a supply chain.  I prefer that you diagram the supply chain of your company.  However, some of you may wish to select another supply chain with which you are familia

Find required return on similar risk bonds, Bond validation-Semi-annual int...

Bond validation-Semi-annual interest. Find the value of a bond maturing in 6yrs. with a $1,000 par value and a coupon interest rate of 12% (6% paid semi-annually) if the required r

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