Principles of Operations Management: Sustainability and Supply Chain Management (10th Edition)
Principles of Operations Management: Sustainability and Supply Chain Management (10th Edition)
10th Edition
ISBN: 9780134181981
Author: Jay Heizer, Barry Render, Chuck Munson
Publisher: PEARSON
bartleby

Concept explainers

Question
Chapter 1, Problem 17P

a)

Summary Introduction

To determine: The multifactor productivity for last year.

Introduction: Multifactor productivity is an evaluation of economic performance that compares the amount of products and services produced to the amount of combined inputs used to produce those products and services.

b)

Summary Introduction

To determine: The multifactor productivity for the current year.

Introduction: Multifactor productivity is an evaluation of economic performance that compares the amount of products and services produced to the amount of combined inputs used to produce those products and services.

c)

Summary Introduction

To determine: The percentage change in productivity for the monthly average last year versus the monthly average this year.

Introduction: Productivity is a measure of the effectiveness of an individual, systems, machinery and other equipment that are used in converting inputs into outputs. In all organizations, productivity is an important determinant to know cost efficiency.

Blurred answer
Students have asked these similar questions
As part of a study for the Department of Labor​ Statistics, you are assigned the task of evaluating the improvement in productivity of small businesses. Data for one of the small businesses you are to evaluate is shown below. The data are the monthly average of last year and the monthly average this year.   Labor: $8 per​ hour; Capital: 0.843% per month of​ investment; Energy: $0.60 per BTU.                                                       LAST YEAR                             THIS YEAR Production​ (dozen)                         1,500                                     1,500 Labor​ (hours)                                    350                                         325 Capital investment​ ($)                     15,000                                  18,000 Energy​ (BTU)                                     3,000                                     2,700   ​a) Determine the multifactor productivity with dollars as the common denominator for last year.   The multifactor…
As part of a study for the Department of LaborStatistics, you are assigned the task of evaluating the improvementin productivity of small businesses. Data for one of thesmall businesses you are to evaluate are shown at right. The dataare the monthly average of last year and the monthly average thisyear. Determine the multifactor productivity with dollars as thecommon denominator for:a) Last year.b) This year.c) T hen determine the percentage change in productivity for themonthly average last year versus the monthly average this yearon a multi factor basis.+ Labor: $8 per hour+ Capital: 0.83% per month of investment+ Energy: $0.60 per BTU
As part of a study for the Department of LaborStatistics, you are assigned the task of evaluating the improvementin productivity of small businesses. Data for one of thesmallbusinesses you are to evaluate are shown at right. The dataarethe monthly average of last year and the monthly average thisyear.Determine the multifactor productivity with dollars as thecommondenominator for: a) Last year. b) This year. c) Then determine the percent change in productivity for the monthly average last year versus the monthly average this yearon a multifactor basis. ◆ Labor: $8 per hour◆ Capital: 0.83% per month of investment◆ Energy: $0.60 per BTU
Knowledge Booster
Operations Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
  • ​"We are already measuring total factor productivity. Measuring partial productivities would be of no​ value." Do you​ agree?     A. ​Yes, total factor productivity is the goal of the measurement. Once achieved there is no need for further analysis.   B. ​Yes, partial productivity measures should only be calculated if you cannot calculate total factor productivity.   C. ​No, total factor productivity and partial productivity measures work best together because the strengths of one offset weaknesses in the other.   D. ​No, you must always calculate partial productivity measures for the total factor productivity to have any meaning.
    answer all the questions below You have just been given the following production reports as a new manager of a company;   January February March  April Units Produced 230       1,800 2, 800 3,000 Hours Per Machine 325       200     400 320 No of machines     3         5       4 4   What percentage of production is February production? If you are to forecast for May using four month simple moving average, what would be your forecast Determine the average productivity unit for the first three months. Determine the average productivity units per machine.
    According to the Bureau of Labor Statistics, during the first quarter of 2015 nonfarm business productivity in the United States fell 3.1 percent and manufacturing productivity fell 1.0 percent compared to the first quarter of 2014. During this same time, real GDP in the United States increased by 2.9 percent. Explain how productivity can decrease when real GDP is increasing.
  • As part of the Department of Labor Statistics, you are assigned the task of evaluating the improvement of small businesses. Data for one of the small businesses are shown below. The data are monthly average of last year and monthly average of this year.   Last Year This Year Production (dozens) 1,500 1,500 Labor (hours) 350 325 Capital Investment ($) 15,000 18,000 Energy (BTU) 3000 2700       Labor: $10.00/hr.     Capital: 6% per month of Investment     Energy: $0.75 per BTU.       Determine the labor productivity in labor dollars for last year and this year. Determine the multifactor productivity for last year and this year. Determine the percentage change in productivity for last year versus this year.
    A furniture manufacturing company working on a 40 hour per week basis makes 100 chairs. The sales price is €70 each, and the company has the following costs:• Direct materials €700• Direct labor €300• Overhead €500a) Calculate the productivity of the company.b) What will be the new productivity if the company decides tomake 135 chairs per week?c) If the company decides to improve productivity throughmaterials costs reduction only, how much these costs mustbe reduced in order to achieve a 10 percent increase in totalproductivity?d) If the company repeats the same exercise as in (c) above, butthrough labour costs reduction, how much these costs mustbe reduced in order to achieve a 10 percent increase in totalproductivity?
    Answer the following Question:You are hired as an operations manager for an organization (Choose an organization that you prefer) which is having some problems, and you are supposed to help them to put things back on track. In order to do so, there are a number of decisions you have to take regarding the following issues:1- Productivity: You found that the productivity is declining the past two years at your organization. Measure the multifactor productivity for the current period and compare it to the previous period. Comment on your results showing what might lead to decreasing the productivity and show how can you improve the productivity at your organization.2- Forecasting: You discovered that the forecasting error falls beyond the acceptable ranges in the past three years. Make a reliable forecast for the demand on your product/service using at least 10 periods of your historical data to forecast the demand for the coming 5 periods. Then compute the MAD for these 5 periods. 3-…
    • SEE MORE QUESTIONS
    Recommended textbooks for you
  • Practical Management Science
    Operations Management
    ISBN:9781337406659
    Author:WINSTON, Wayne L.
    Publisher:Cengage,
    Operations Management
    Operations Management
    ISBN:9781259667473
    Author:William J Stevenson
    Publisher:McGraw-Hill Education
    Operations and Supply Chain Management (Mcgraw-hi...
    Operations Management
    ISBN:9781259666100
    Author:F. Robert Jacobs, Richard B Chase
    Publisher:McGraw-Hill Education
  • Business in Action
    Operations Management
    ISBN:9780135198100
    Author:BOVEE
    Publisher:PEARSON CO
    Purchasing and Supply Chain Management
    Operations Management
    ISBN:9781285869681
    Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
    Publisher:Cengage Learning
    Production and Operations Analysis, Seventh Editi...
    Operations Management
    ISBN:9781478623069
    Author:Steven Nahmias, Tava Lennon Olsen
    Publisher:Waveland Press, Inc.
  • Practical Management Science
    Operations Management
    ISBN:9781337406659
    Author:WINSTON, Wayne L.
    Publisher:Cengage,
    Operations Management
    Operations Management
    ISBN:9781259667473
    Author:William J Stevenson
    Publisher:McGraw-Hill Education
    Operations and Supply Chain Management (Mcgraw-hi...
    Operations Management
    ISBN:9781259666100
    Author:F. Robert Jacobs, Richard B Chase
    Publisher:McGraw-Hill Education
    Business in Action
    Operations Management
    ISBN:9780135198100
    Author:BOVEE
    Publisher:PEARSON CO
    Purchasing and Supply Chain Management
    Operations Management
    ISBN:9781285869681
    Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
    Publisher:Cengage Learning
    Production and Operations Analysis, Seventh Editi...
    Operations Management
    ISBN:9781478623069
    Author:Steven Nahmias, Tava Lennon Olsen
    Publisher:Waveland Press, Inc.