Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes1,000tires per day with the following resources: Labor:400hours per day @ $12.00per hourRaw Material:20,000pounds per day @$1.00per poundEnergy:$5,250per dayCapital:$10,000per daya) Labor productivity per labor hour for these tires =2.50 tires/labor hour (round your response to two decimal places).b) Multifactor productivity for these tires = __ tires/dollar (round your response to four decimal places).

a) Labor productivity per labor hour for these tires = 2.50 tires/labor hour (round your response to two decimal places). b) Multifactor productivity for these tires = __ tires/dollar (round your response to four decimal places).

a) Labor productivity per labor hour for these tires = 2.50 tires/labor hour (round your response to two decimal places). b) Multifactor productivity for these tires = __ tires/dollar (round your response to four decimal places).

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter7: Planning And Goal Setting

Section: Chapter Questions

Problem 2ED

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Concept explainers

Overall Equipment Effectiveness

Overall equipment effectiveness or OEE as it is known can be defined as a widely standard to measure manufacturing productivity. In other words, it can also be defined as the exact percentage of time which is productive. If the score of overall equipment effectiveness is 100%, it is an indication that only good parts are being manufactured with no stop time. Hence OEE of 100% means 100% quality, performance & also availability.

Question

100%

Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes

1,000

tires per day with the following resources:

Labor:	400 hours per day @ $12.00 per hour
Raw Material:	20,000 pounds per day @ $1.00 per pound
Energy:	$5,250 per day
Capital:	$10,000 per day

a) Labor productivity per labor hour for these tires =

2.50 tires/labor hour (round your response to two decimal places).

b) Multifactor productivity for these tires = __ tires/dollar (round your response to four decimal places).

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