A catering company prepared and served 300 meals at an anniversary celebration last week using eight workers. The week before, six workers prepared and served 240 meals at a wedding reception.
a. For which event was the labor productivity higher? Explain.
b. What are some possible reasons for the productivity differences?
The manager of a crew that installs carpeting has tracked the crew’s output over the past several weeks, obtaining these figures:
week Crew Size Yards Installed
1 4 96
2 3 72
3 4 92
4 2 50
5 3 69
6 2 52
Compute the labor productivity for each of the weeks. On the basis of your calculations, what can you conclude about crew size and productivity?
Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. What do the productivity figures suggest? Assume 40-hour weeks and an hourly wage of $12. Overhead is 1.5 times weekly labor cost. Material cost is $6 per pound.
week Output (units) Workers Material (lbs)
1 30,000 6 450
2 33,600 7 470
3 32,200 7 460
4 35,400 8 480
A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used five workers, who produced an average of 80 carts per hour. Workers receive $10 per hour, and machine cost was $40 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $10 per hour while output increased by four carts per hour.
a. Compute labor productivity under each system. Use carts per worker per hour as the measure of labor productivity.
b. Compute the multifactor productivity under each system. Use carts per dollar cost (labor plus equipment) as the measure.
c. Comment on the changes in productivity according to the two measures, and on which one you believe is the more pertinent for this situation.
An operation has a 10 percent scrap rate. As a result, 72 pieces per hour are produced. What is the potential increase in labor productivity that could be achieved by eliminating the scrap?
A manager checked production records and found that a worker produced 160 units while working 40 hours. In the previous week, the same worker produced 138 units while working 36 hours. Did the worker’s productivity increase, decrease, or remain the same? Explain.
The following table shows data on the average number of customers processed by several bank service units each day. The hourly wage rate is $25, the overhead rate is 1.0 times labor cost, and material cost is $5 per customer.
Unit Employees Customers
A 4 36
B 5 40
C 8 60
D 3 20
A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 40 minutes is needed to do a title search. The researcher cost is $2 per minute. Clients are charged a fee of $400. Company A’s software would reduce the average search time by 10 minutes, at a cost of $3.50 per search. Company B’s software would reduce the average search time by 12 minutes at a cost of $3.60 per search. Which option would have the higher productivity in terms of revenue per dollar of input?
A company offers ID theft protection using leads obtained from client banks. Three employees work 40 hours a week on the leads, at a pay rate of $25 per hour per employee. Each employee identifies an average of 3,000 potential leads a week from a list of 5,000. An average of 4 percent actually sign up for the service, paying a one-time fee of $70. Material costs are $1,000 per week, and overhead costs are $9,000 per week. Calculate the multifactor productivity for this operation in fees generated per dollar of input.
IMC Plan for JK Tire Industry Disclaimer: This work has been put together by an understudy. This isn't a case of the work composed by our expert scholastic journalists. You can see tests of our expert work here. Any assessments, discoveries, ends or proposals communicated in this material are those of the writers and don't really mirror the perspectives of UK Essays. Distributed: Tue, 09 Jan 2018 Tire Industry in India Presentation: Tire (or tire in British English) is a ring-molded covering that fits around a wheel to secure it and empower better vehicle execution by giving an adaptable pad that assimilates stun while keeping the wheel in close contact with the ground. The word itself is gotten from "clothing", alluding to the dressing of the wheel. The major materials of current tires are elastic and texture alongside other compound synthetic substances. Their helpful make-up comprises of the tread and the body. The tread gives footing while the body guarantees bolster. Before elastic was created, the main adaptations of tires were essentially groups of metal that fit around wooden wheels with the end goal to avoid wear and tear. The latest and prominent kind of tire is pneumatic, relating to a fitted elastic based ring that is utilized as an inflatable pad and for the most part loaded up with compacted air. Pneumatic tires are utilized on numerous sorts of vehicles, for example, bikes, cruisers, autos, trucks, earthmovers, and air ship. Innovation age in the Indian tire industry has seen a considerable measure of ability and flexibility to ingest, adjust and alter universal innovation to suit Indian conditions. This is reflected in the quick innovation movement from cotton (fortification) remains to elite outspread tires in a range of four decades. Globalization has prompted the connecting of the economies of the considerable number of countries and in this way significant Indian players in the tire business are seeking after worldwide procedures to improve their aggressiveness in world markets. The present segment comprehensively embraces an outline of the Indian tire industry through an examination of its development patterns concerning generation, fares and obtaining of innovative abilities. Tire INDUSTRY SCENARIO Indian Tire Industry can be all around aggressive on a dimension playing field Robust development in the monetary action in different parts of the economy and in addition in the Surface Trans-port division and restored push in the infrastructural spends kept on being development drivers for the Tire Industry. The decrease in extract obligation from 24% to 16% was an appreciated move, The finishing of Golden Quadri-sidelong and North-South and East-West hall undertakings will additionally support the Automobile area. This forecasts well for the Indian tire industry. While the interest keeps on being light, rising information costs when all is said in done and petro-based crude materials specifically involves concern. Amid the year, the Tire Industry confronted weight on edges because of awkward nature in the cost increments and tire costs. There are critical lacks in the framework and its expense thereof versus the worldwide one along these lines putting the Indian Industry in a disadvantageous position. While the decrease in the import taxes is a stage right way, it should be adjusted with the improvement of framework in the nation. Key Features: there are 40 recorded organizations in the tire part in India. Significant players are MRF, JK Tires, and Apollo Tires and CEAT, which represent 63 percent of the sorted out tire advertise. The other key players incorporate Modi Rubber, Kesoram Industries and Goodyear India, with 11 percent, 7 percent and 6 percent share separately. Dunlop, Falcon, Tire Corporation of India Limited (TCIL), TVS-Srichakra, Metro Tires and Balkrishna Tires are a portion of the other noteworthy players in the business. While the tire business is to a great extent ruled by the sorted out area, the chaotic division is prevalent as for bike tires. The business is a noteworthy buyer of the residential elastic market. Normal elastic establishes 80% while engineered elastic comprises just 20% of the material substance in Indian tires. Strikingly, around the world, the extent of normal to manufactured elastic in tires is 30:70 The area is crude material escalated, with crude material representing 70% of the aggregate expenses of generation Add up to generation s in tonnage: 11.35 lakh MT and aggregate creation of tires in all classes: 811 lakh (2007-08) Current dimension of radialization incorporates 95% for all traveler vehicle tires, 12% for light business vehicles and 3% for substantial vehicles (truck and transport) Confinements were put on import of utilized/retreaded tires since April 2006 Import of new tires and cylinders is unreservedly permitted, with the exception of outspread tires in the truck/transport section which has been set in the limited rundown since November 2008 Add up to estimation of tire sends out frame India is roughly Rs 3000 crore (2007-08) The central point influencing the interest for tires incorporate the dimension of modern movement, accessibility and cost of credit, transportation volumes and system of streets, execution of vehicle stacking rules, radialization, retreading and sends out. The tire innovation upgradation is a to a great degree troublesome process, especially in the Indian situation, because of a few components. To begin with, since tire innovation incorporates different teaches, for example, polymer, synthetic, steel and so on bargains must be made in the upgradation of innovation in light of a) the contention and complimentarity inborn in these orders, b) the utilization example of the tyres and c) the cost factor. Further, a tire's execution could be influenced because of elements, for example, the climate, stacking design and so forth. Regardless of these bottlenecks innovation upgradation in Indian tire industry amid the most recent couple of decades has been critical. This has been conceivable to some degree because of government endorsements of joint efforts with MNCs in this area. The accentuation given by Indian tire organizations to connected research, the setting up of all around prepared in house R&D focuses by huge tire organizations, kept an eye on by specialists and experienced experts have likewise helped in innovation upgradation. Indian tire innovation has shown flexibility in keeping up inflow of innovation through outside coordinated efforts and fitting the equivalent to Indian needs. Mechanization: The generation framework in the Indian tire industry has been generally exceptionally work serious. The computerization of assembling forms has expanded slowly, which has cut the measure of the workforce to an impressive degree and has affected an adjustment in its sythesis. The level of mechanization has been more noteworthy in the territory of spiral innovation, while cross utilize innovation is still work concentrated. The organizations have been depending on mechanization with the end goal to handle issues identified with work unionization and indiscipline in the part. The method of reasoning given by the organizations to the expanding drive towards mechanization of the assembling offices has been that high caliber and consistency of the last item for the most part can't be ensured with a work escalated process. (Iyer and Upadhyay 2008).>GET ANSWER