Question: ternative solutions developed for the highest priority of Ergonomically Risk Factors are listed below. Work Design and Methods Changes Productivity ( % ) Risk Index

ternative solutions developed for the highest priority of Ergonomically Risk Factors are listed below.
Work Design and Methods Changes
Productivity (%)
Risk Index(%)
Cost (TL)
A1
+5
-25
1000
A2
+50
-15
25000
A3
+25
-15
2500
A4
+5
-5
750
A5
+10
-10
5000
For a cost-benefit analysis, anticipated benefits could be quantified by both increases in productivity and decreases in injury rates. Assume that the company profits 500 TL for each 1 percent increase in productivity over the course of the year. Similarly, a decrease in workers compensation and medical costs due to a decrease in injuries can be considered a benefit. The company estimates that it has experienced an average loss of 200 TL per risk index in its 5-year accident/injury analysis. The increases in productivity and decreases in injury rates can be quantified as shown in Table next (Fill the spaces).

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!