A Company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of thejobs needed to produce the shopping carts. Prior to buying the new equipment, the company used 7 workers, who produced an average of 87 carts perhour. Workers receive $15 per hour, and machine coast was $43 per hour. With the new equipment, it was possible to transfer one of the workers toanother department, and equipment cost increased by $14 per hour while output increased by four carts per hour.a) Compute the multifactor productivity (MFP) (labor plus equipment) under the Prior to buying the new equipment. The MFP (carts/S) = Blank 1(round to 4 decimal places).b) Compute the productivity changes between the Prior to and after buying the new equipment. The productivity growth = Blank 2% (round to 2decimal places)Blank 1 Add your answerBlank 2 Add your answer

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Answered: A Company that makes shopping carts for…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter12: Queueing Models

Section12.5: Analytic Steady-state Queueing Models

Problem 30P

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A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used five workers, who produced an average of 80 carts per hour. Workers receive $10 per hour, and machine cost was $40 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $10 per hour while output increased by four carts per hour. Compute labor productivity under each system. Use carts per worker per hour as the measure of labor productivity. Compute the multifactor productivity under each system. Use carts per dollar cost (labor plus equipment) as the measure.
A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used five workers, who produced an average of 80 carts per hour. Workers receive $10 per hour, and machine cost was $40 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $10 per hour, while output increased by four carts per hour.A) Compute labor productivity under each system. Use carts per worker per hour as themeasure of labor productivity.B) Compute the multifactor productivity under each system. Use carts per dollar cost (laborplus equipment) as the measure.C) Comment on the changes in productivity according to the two measures, and on which one you believe is the more pertinent for this situation.
A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labour content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used five workers, who produced an average of 100 carts per hour. Workers receive $10 per hour, and machine cost was $40 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $10 per hour while output increased by 20 carts per hour. a. The labor productivity under the old system is Blank 1. Fill in the blank, read surrounding text. and the new system is Blank 2. Fill in the blank, read surrounding text. carts per worker per hour. b. Compute the total factor productivity under each of the systems. Old system Blank 3. Fill in the blank, read surrounding text.
A Company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used 4 workers, who produced an average of 87 carts per hour. Workers receive $13 per hour, and machine coast was $32 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $18 per hour while output increased by four carts per hour. a) Compute the multifactor productivity (MFP) (labor plus equipment) under the Prior to buying the new equipment. The MFP (carts/$) = .6949 (round to 4 decimal places). b) Compute the % growth in productivity between the Prior to and after buying the new equipment. The growth in productivity = 25.55 % (round to 2 decimal places)
A Company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used 4 workers, who produced an average of 87 carts per hour. Workers receive $13 per hour, and machine coast was $32 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $18 per hour while output increased by four carts per hour.a) Compute the multifactor productivity (MFP) (labor plus equipment) under the Prior to buying the new equipment. The MFP (carts/$) = ( ) (round to 4 decimal places).b) Compute the % growth in productivity between the Prior to and after buying the new equipment. The growth in productivity = ( ) % (round to 2 decimal places)
A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used 5 workers, who together produced an average of 80 carts per hour. Workers receive $10 per hour, and machine cost was $40 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $10 per hour while output increased by 4 carts per hour. Compute labor productivity under each system. Use carts per worker per hour as the measure of labor productivity.
A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used 5 workers, who together produced an average of 90 carts per hour. Workers receive $13 per hour, and machine cost was $30 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $10 per hour while output increased by 5 carts per hour. a. Compute labor productivity under each system. Use carts per worker per hour as the measure of labor productivity. (Round your answers to 3 decimal places.) Before carts per worker per hour After carts per worker per hour b. Compute the multifactor productivity under each system. Use carts per dollar cost (labor plus equipment) as the measure. (Round your answers to 3 decimal places.) Before carts/dollar cost…
A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used 6 workers, who together produced an average of 70 carts per hour. Workers receive $18 per hour, and machine cost was $30 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $11 per hour, while output increased by 5 carts per hour. a. Compute labor productivity under each system. Use carts per worker per hour as the measure of labor productivity. (Round your answers to 3 decimal places.) b. Compute the multifactor productivity under each system. Use carts per dollar cost (labor plus equipment) as the measure. (Round your answers to 3 decimal places.) c. Comment on the changes in productivity according to the two measures. (Round your intermediate calculations…
The question comes out of my "Practical Operations Management's" textbook. Tube Country rents circular rubber rafts that its customers use to float down the Ichituckni River. Tube Country owns a fleet of 200 rafts, each of which is returned on the same day it is rented, and each raft can only be rented once during a business day. Rough water along the Ichituckni River often causes rafts to become scratched and leak air, so the staff at Tube Country is constantly repairing rafts before their next rental. As a result, Tube Country estimates that 5% of its rental fleet is unavailable for rent at any given time. Tube Country rents rafts for $5 each, and incurs $1.00 in variable costs with each raft rental. Tube Country must also pay $20,000 in fixed business costs annually. What is the daily effective capacity of Tube Country’s fleet? The issue of rough water creating the need for continual repairs can best be described as what? Suppose Tube Country rents 100 rafts on a certain day.…
The question comes out of my "Practical Operations Management's" textbook. Tube Country rents circular rubber rafts that its customers use to float down the Ichituckni River. Tube Country owns a fleet of 200 rafts, each of which is returned on the same day it is rented, and each raft can only be rented once during a business day. Rough water along the Ichituckni River often causes rafts to become scratched and leak air, so the staff at Tube Country is constantly repairing rafts before their next rental. As a result, Tube Country estimates that 5% of its rental fleet is unavailable for rent at any given time. Tube Country rents rafts for $5 each, and incurs $1.00 in variable costs with each raft rental. Tube Country must also pay $20,000 in fixed business costs annually. How many rentals does Tube Country need to break even each year? How many rentals does Tube Country need to make in a year to earn $5,000 in profit? Last year, the owner of Tube Country, Mr. Robert “Bobber” Gowdy, had…
A company that makes a product recently purchased some new equipment that reduces the labor content of the jobs needed to produce the product. Prior to buying the new equipment, the company used six workers, who produced an average of 90 units per hour. Workers receive P35 per hour and machine cost was P2,000 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by P500 per hour while output increased by four units per hour. Compute the multifactor productivity under each system. Use units per peso cost (labor plus equipment) as the measure.
A company that makes a product recently purchased some new equipment that reduces the labor content of the jobs needed to produce the product. Prior to buying the new equipment, the company used six workers, who produced an average of 90 units per hour. Workers receive P35 per hour and machine cost was P2,000 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by P500 per hour while output increased by four units per hour. Compute labor productivity under each system. Use units per worker per hour as the measure of labor productivity.

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