Total and partial factor productivity measurements, Operation Management

Assignment Help:

Total and Partial Factor Productivity Measurements 

Total factor productivity (TFP) is the best measure when describing national productivity, because it includes all the inputs used. The partial ratios only consider one input. For example the labour productivity ratio gives the labour input that created the GNP output even though changes in output may be due to increased utilisation of capital. Labour productivity figures are often used because the data is readily available. 

1. National productivity (total factor productivity) = GNP/labour and capital (usually calculated with one year and compared on a year by year basis) 

2. Capital productivity = GNP/capital 

3. Labour productivity = GNP/labour value or labour hours (Partial factor measurements)

We have looked at national productivity, now we will concentrate on productivity measurements for the firm. At the national level, there are total and partial factors in productivity measurement, it is the same at the level of the company.


Related Discussions:- Total and partial factor productivity measurements

Explain the problems associated with performance measurement, Question 1: ...

Question 1: The objective of Government organizations is not for profit. Explain the problems associated with performance measurement in not for profit organisations and ho

Explain appropriate technique to develop a forecast, Air travel on Mountain...

Air travel on Mountain Airlines for the past 18 weeks was: Week Passengers Week Passengers 1 406 10 440 2 410 11 446 3 420 12 451 4 415 13 455 5 412 14 464 6 420 15 466 7 424 16 47

Is focused factory concept applicable in service sector, Is the 'focused fa...

Is the 'focused factory' concept described by Skinner applicable in the service sector? Answer:  Yes, think of Schmenner's service-process matrix and the lower quadrant entitled

What are the advantages as well disadvantages of financing, What are the ad...

What are the advantages and disadvantages of financing via the internet?

Introduction, what is production and operation management?

what is production and operation management?

Explain the three forms of ownership, Answer the following questions on the...

Answer the following questions on the Topic of Forms of Business Ownership 1. Describe the three forms of ownership. Describe two advantages and two disadvantages of each. 2.

Compute maintenance check costs, Tahiti Manufacturing recently purchased a ...

Tahiti Manufacturing recently purchased a new machine. The maintenance contractor recommended that this model should receive maintenance every 3,000 - 6,000 hours of operation. If

Explain most apprenticeship programs are in skilled trades, 1. Which one of...

1. Which one of the following statements is NOT true of apprenticeships? Most apprenticeship programs are in the skilled trades. A major advantage of apprenticeships is the a

Explain statistical differences between men and women, What rule of thumb o...

What rule of thumb or guidelines would you recommend for deciding whether statistical differences between men and women, or non-minorities and minorities, reflect discrimination oc

How to construct an electricity generating unit, To construct an electricit...

To construct an electricity generating unit, a company has to install 60 items. One team takes on an average 30 days to install one item. A team works for 300 days/year and managem

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