Gilded Glasswarern makes ceramic vases for a chain of department stores. The output and cost figures over
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Question:
Gilded Glasswarern makes ceramic vases for a chain of department stores. The output and cost figures over the past four weeks are shown here. Labor costs $10 an hour, and materials are $4 a pound. Calculate the
(a) labor productivity (in hrs),
(b) material productivity (in lbs), and
(c) multifactor productivity for each week. Comment on the results.
Week | 1 | 2 | 3 | 4 |
---|---|---|---|---|
Units of output | 2000 | 4000 | 5000 | 7000 |
No. of workers | 4 | 4 | 5 | 6 |
Hours per week per worker | 40 | 48 | 56 | 70 |
Material (lbs) | 286 | 570 | 720 | 1000 |
Related Book For
Operations Management Creating Value Along the Supply Chain
ISBN: 978-0470525906
7th Edition
Authors: Roberta S. Russell, Bernard W. Taylor
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