Question: solve problem 1.17 with complete steps 24 PART 1 INTRO- TION TO OPERATIONS MANAGEMENT a) Last year. b) This year. h c) Then determine the

solve problem 1.17 with complete steps 24 PART 1

solve problem 1.17 with complete steps

24 PART 1 INTRO- TION TO OPERATIONS MANAGEMENT a) Last year. b) This year. h c) Then determine the percent change in productivity for the monthly average last year versus the monthly average this year on a multifactor basis. Labor: $8 per hour Capital: 0.83% per month of investment Energy: $0.60 per BTU op 6 we first week on LAST YEAR THIS YEAR 1,500 1,500 1.17 As part of a study for the Department of Labor Statistics, you are assigned the task of evaluating the improve- ment in productivity of small businesses. Data for one of the small businesses you are to evaluate are shown at right. The data are the monthly average of last year and the monthly average this year. Determine the multifactor productivity with dollars as the common denominator for: Production (dozen) Labor (hours) 350 325 Capital investment (5) Energy (BTU) 15,000 3,000 18,000 2,700

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