George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. George is interested in determining the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of a 3% increase in productivity. He has the following data representing a month from last year and an equivalent month this year: Units Produced Labor (hours) Resin (pounds) Capital Invested ($) Energy (BTU) Last Year 1,200 300 55 10,000 2,900 Now 1,200 260 48 12,000 2,500 The productivity change for each of the inputs (Labor, Resin, Capital, and Energy) is: Labor Productivity Change = 15.38 % (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary). Resin Productivity Change=% (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary).

George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. George is interested in determining the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of a 3% increase in productivity. He has the following data representing a month from last year and an equivalent month this year: Units Produced Labor (hours) Resin (pounds) Capital Invested ($) Energy (BTU) Last Year 1,200 300 55 10,000 2,900 Now 1,200 260 48 12,000 2,500 The productivity change for each of the inputs (Labor, Resin, Capital, and Energy) is: Labor Productivity Change = 15.38 % (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary). Resin Productivity Change=% (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary).

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter4: Linear Programming Models

Section4.8: Data Envelopment Analysis (dea)

Problem 42P

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George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. George is interested in determining the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of a 3% increase in productivity. He has the following data representing a month from last year and an equivalent month this year: Last Year 1,000 300 Now 1,000 275 45 12,000 2,500 Units Produced Labor (hours) Resin (pounds) Capital Invested ($) Energy (BTU) The productivity-change for each of the inputs (Labor, Resin, Capital, and Energy) is: Labor Productivity Change = 9.09% enter your response as a percentage rounded to two decimal places and include a minus sign if necessary). 60 8,500 2,900 Resin Productivity Change =% (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary).
George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. George is interested in determining the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of a 3% increase in productivity. He has the following data representing a month from last year and an equivalent month this year: Units Produced Labor (hours) Resin (pounds) Capital Invested ($) Energy (BTU) Last Year 1,000 300 48 10,000 3,000 Now 1,000 275 43 11,000 2,850 Cost Per Input Unit $12 per hour $5 per pound 2% per month $0.60 per BTU The percent change in productivity for one month last year versus one month this year on a multifactor basis with dollars as the common denominator =% (enter your response as a percentage rounded to two decimal places).
George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. George is interested in determining the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of a 3% increase in productivity. He has the following data representing a month from last year and an equivalent month this year: Units Produced Labor (hours) Resin (pounds) Capital Invested ($) Energy (BTU) The percent change in productivity for one month last year versus one month this year or decimal places). Last Year 1,200 300 50 9,000 3,000 Now 1,200 275 45 10,000 2,850 Cost Per Input Unit $10 per hour $5 per pound 1% per month $0.50 per BTU multifactor basis with dollars as the common denominator = % (enter your response as a percentage rounded to two
George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. George is interested in determining the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of a 3% increase in productivity. He has the following data representing a month from last year and an equivalent month this year: Units Produced Labor (hours) Resin (pounds) Capital Invested ($) Energy (BTU) Last Year 1,500 300 55 10,000 2,950 Now 1,500 250 48 12,000 2,750 The productivity change for each of the inputs (Labor, Resin, Capital, and Energy) is: Labor Productivity Change =% (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary).
The director of surgery at a local hospital is interested in understanding his unit’s costs. An assistant collected data for the past 36 months on unit cost (labor, supplies, and so on) along with the number of procedures performed in the unit. The assistant analyzed the data using a spreadsheet program, and the following output was generated. Equation Intercept $ 1,013,000 Coefficient on procedures $ 210 Statistical data Correlation coefficient 0.553 R2 0.303 The unit is planning to perform an average 13,500 procedures per month for the coming year. Required: a. Use the regression output to write the surgical unit cost equation. b. Based on the cost equation, compute the estimated costs for the surgical unit per month for the coming year. c. The director of surgery has asked you for advice on whether he should rely on the estimate.
Kilmer Company's customer demand for its only product exceeds its manufacturing capacity. The company provided the following information for the machine whose limited capacity is prohibiting the company from producing and selling additional units: Actual run tine this week Machine time available per week Actual run rate this week Ideal run rate Defect-free output this week Total output this week (including defects) 1-a. Utilization rate 1-b. Efficiency rate. 1-c. Quality rate 1-d. Overall equipment effectiveness 2-a. Utilization loss in units 12,800 minutes 16,000 minutes. 2-b. Efficiency loss in units 2-c. Quality loss in units 6.30 units per minute. 9 units per minute. Required: 1. and 2. With respect to the company's overall equipment effectiveness, calculate the following: Note: Do not round intermediate calculations. Round final answers to 2 decimal places and "Units" answers to the nearest whole number. 72,576 units 80,640 units
Kilmer Company's customer demand for its only product exceeds its manufacturing capacity. The company provided the following information for the machine whose limited capacity is prohibiting the company from producing and selling additional units: Actual run time this week Machine time available per week Actual run rate this week Ideal run rate Defect-free output this week Total output this week (including defects) 1-a. Utilization rate 1-b. Efficiency rate. 1-c. Quality rate 1-d. Overall equipment effectiveness 2-a. Utilization loss in units 2-b. Efficiency loss in units 2-c. Quality loss in units 23,310 minutes 25,900 minutes 0.90 8.00 units per minute 10 units per minute Required: 1. and 2. With respect to the company's overall equipment effectiveness, calculate the following: Note: Do not round intermediate calculations. Round final answers to 2 decimal places and "Units" answers to the nearest whole number. 149,184 units 186,480 units
XYZ Leather Company manufactures and sells two products, wallets and belts, in its two-department plant. Operating data pertaining to the two products are as follows: Wallets Belts Selling price per unit P30 P50 Cost per unit: Variable manufacturing costs P8 P15 Variable marketing costs P2 P3 Fixed manufacturing costs P5 P5 Fixed marketing costs P6 P1 Cutting Finishing…
Prevost Chemicals manufactures an industrial solvent at its only processing plant. A liquid chemical and labor are the two primary inputs. All other resources are included in manufacturing overhead. The plant never has any work-in-process or finished goods inventories. Information from the previous four periods of production follows: Chemical input (gallons) Labor input (hours) Solvent sales (gallons) Average price of chemical per gallon Average wage rate per hour Average sales price per gallon Manufacturing overhead (total) Required A Required B Required C Required: a. Compute the partial productivity measures for chemical for the four periods. b. Compute the partial productivity measures for labor for the four periods. c. Compute the total factor productivity for the four periods. Complete this question by entering your answers in the tabs below. Period Period 1 125,000 12,500 110,000 Period 1 $ 2.00 28.00 10.26 236,000 Compute the partial productivity measures for chemical for the…
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Explain the following with example. If diagram required mention it for better understanding Earned Value Management Accounting vs Controlling
The controller's staff at McNichols Lubricants is responsible for preparing quarterly performance reports. One report evaluates quarter- to-quarter improvement in partial productivity of the two main inputs in the production process: base chemical and labor. Management at McNichols is particularly interested in the results because there have been numerous efficiency improvement programs instituted at the company recently. Data for the last two quarters follow: Barrels input Labor-hours Barrels of output Required: a. Compute the partial productivity measures for labor for quarter 1 and quarter 2. b. Compute the partial productivity measures for material for quarter 1 and quarter 2. c-1. Have the efficiency improvement programs resulted in greater labor productivity? c-2. Have the efficiency improvement programs resulted in greater material productivity? Req A Complete this question by entering your answers in the tabs below. Quarter 2 42,000 8,400 28,056 Quarter Req B Quarter 1 Quarter…