Operations Management: Sustainability and Supply Chain Management (12th Edition)
Operations Management: Sustainability and Supply Chain Management (12th Edition)
12th Edition
ISBN: 9780134130422
Author: Jay Heizer, Barry Render, Chuck Munson
Publisher: PEARSON
bartleby

Concept explainers

Question
Book Icon
Chapter 1, Problem 8P

a)

Summary Introduction

To determine: The labor productivity per labor hour of Company L.

Introduction: Labor productivity is the valuation of economic growth in a nation. Labor production measures the amount of products produced within an hour; it especially evaluates labor productivity, that is, the amount of real gross domestic product (GDP) produced by a labor hour.

b)

Summary Introduction

To determine: Multifactor productivity of Company L.

Introduction: Multifactor productivity is an evaluation of economic performance that compares the amount of products and services produced to the amount of combined input used to produce those products and services.

c)

Summary Introduction

To determine: The percentage change in multifactor productivity if the company reduces the energy bill by $1,000 per day.

Introduction: Multifactor productivity is an evaluation of economic performance that compares the amount of products and services produced to the amount of combined input used to produce those products and services.

Blurred answer
Students have asked these similar questions
Lillian Fok is president of Lakefront​ Manufacturing, a producer of bicycle tires. Fok makes   1,200 tires per day with the following​ resources:                                                                                                        Labor: 425 hours per day ​@​ $   12.50 per hour Raw​ Material: 20,000 pounds per day​ @ ​$   1.50 per pound Energy: $   5,000 per day Capital: $   10,250 per day ​a) Labor productivity per labor hour for these tires​ =   enter your response here ​tires/labor hour ​(round your response to two decimal​ places).   ​b) Multifactor productivity for these tires​ =   enter your response here ​tires/dollar ​(round your response to four decimal​ places).   ​c) The percent change in multifactor productivity if Fok can reduce the energy bill by ​$   1,000 per day without cutting production or changing any other inputs​ =   enter your response here ​% ​(enter your response as a percentage rounded to two decimal​ places).…
Lillian Fok is president of Lakefront​ Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires per day with the following​ resources:                                                                                                        ​Labor: 425 hours per day ​@ ​ $12.50 per hour Raw​ Material: 21,000 pounds per day​ @ ​$1.00 per pound ​Energy: ​$5,250 per day ​Capital: ​$10,250 per day Part 2 ​a) Labor productivity per labor hour for these tires​ = ?​tires/labor hour ​(round your response to two decimal​ places). Part 3 ​b) Multifactor productivity for these tires​ = ?​tires/dollar ​(round your response to four decimal​ places).
Lillian Fok is president of Lakefront​ Manufacturing, a producer of bicycle tires. Fok makes 1,000 tires per day with the following​ resources:                                                                                                        ​Labor: 400 hours per day ​@ ​ $12.00 per hour Raw​ Material: 20,000 pounds per day​ @ ​$1.00 per pound ​Energy: ​$5,250 per day ​Capital: ​$10,000 per day ​a) Labor productivity per labor hour for these tires​ = 2.50 ​tires/labor hour ​(round your response to two decimal​ places). ​b) Multifactor productivity for these tires​ = __   ​tires/dollar ​(round your response to four decimal​ places).
Knowledge Booster
Background pattern image
Operations Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub