A manager checked production records and found that a worker produced 180 units while working 40 hours. In the previous week, the same worker produced 126 units while working 30 hours. a. Compute Current period productivity and Previous period productivity. (Round your answers to 2 decimal places.) Current period productivity Previous period productivity Units/hour Units/hour b. Did the worker's productivity increase, decrease, or remain the same? (Round your Intermediate calculations and final answer to 2 decimal places.) Worker's productivity by
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A manager checked production records and found that a worker produced 180 units while working 40 hours. In the previous week, the same worker produced 126 units while working 30 hours.
a. Compute Current period productivity and Previous period productivity. (Round your answers to 2 decimal places.)
b. Did the worker's productivity increase, decrease, or remain the same? (Round your intermediate calculations and final answer to 2 decimal places.)
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- Lillian Fok is president of Lakefront Manufacturing,a producer of bicycle tires. Fok makes 1,000 tires per day with thefollowing resources:Labor: 400 hours per day @ $12.50 per hourRaw material: 20,000 pounds per day @ $1 per poundEnergy: $5,000 per dayCapital costs: $10,000 per day What is the labor productivity per labor-hour for these tires atLakefront Manufacturing?b) What is the multifactor productivity for these tires atLakefront Manufacturing?c) What is the percent change in multifactor productivity if Fokcan reduce the energy bill by $1,000 per day without cuttingproduction or changing any other inputs?Q- It is known that productivity is equal to the actual output over the actual input. What do we mean by inputs and outputs? How can productivity be improved? From your experience, give a real example that supports your claim. (Hint: how does changing the input or output affect productivity?)Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,000 tires per day with the following resources: a) What is the labor productivity per labor-hour for these tires at Lakefront Manufacturing? b) What is the multifactor productivity for these tires at Lakefront Manufacturing? c) What is the percent change in multifactor productivity if Fok can reduce the energy bill by $1,000 per day without cutting production or changing any other inputs?
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- Slide 2: Company Overview• Write a brief introduction to Walmart, including its industry, the size and scope of its operations.• Explain why this company is suitable for applying operations management concepts.Slide 3: Productivity• Discuss the importance of Walmart's productivity and how it is measured in the company's operations.U.S. productivity has improved noticeably in recent years, averaging 4%–5% per year, whilethe U.S. economy grew by only 3.5%. The gain in productivity was due, in large part, to the use oftechnology, in addition to longer working hours by those who are lucky enough to have jobs.According to the Economic Policy Institute, the average U.S. worker has added 199 hours to a yearsince 1973. The United States achieved per hour productivity of $32, compared with $38 forNorway, and $34 for Belgium. In other words, U.S. workers are simply working longer, notnecessarily better, or smarter. They take less annual vacation time (only 10.2 days, on average),compared with 30 days in France and in Germany.At the same time, a large number of U.S. companies are aggressively outsourcing work to low-wagecountries, such as China, India, the Philippines, and Mexico. A 2003 study released by the Universityof California at Berkeley indicates that as many as 14 million U.S. service jobs are in danger of…Discuss Productivity and Performance Management Why is productivity important? Next, what is the difference between productivity, other measures of performance, and its interrelation to the performance scorecard?