Practical Operations Management
Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 2, Problem 7P
Summary Introduction

Interpretation:The significance of an increase (decrease) in the value of productivity towards an improvement (deterioration) of the process.

Concept Introduction:Productivity is defined by output/input X100 and is a measure of how efficiently the inputs have been utilized to produce the required output. The value is linked to the efficiency of the related operations in terms of labour or material or some other measurable resource.

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