Mark's Ceramics is looking on a new oven this year in the belief that it would cut energy usage. Mark is concerned that the new oven requires extra labor hours for its operation. Mark wants to check the energy savings of the new oven, and also to look over other measures of their productivity to see if the change really was beneficial. Calculate the Labor, Capital and Energy productivity for both years to support the Mark’s decision. Mark has the following data to work with: Answer: Last Year This Year Last Year Productivity This Year Productivity Production (finished units) 4000 4000 Labor (hrs) 350 375 ? ? Capital ($) 15000 19000 ? ? Energy (kWh) 3000 2600 ? ?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Mark's Ceramics is looking on a new oven this year in the belief that it would cut energy usage. Mark is concerned that the new oven requires extra labor hours for its operation. Mark wants to check the energy savings of the new oven, and also to look over other measures of their productivity to see if the change really was beneficial. Calculate the Labor, Capital and Energy productivity for both years to support the Mark’s decision. Mark has the following data to work with: Answer: Last Year This Year Last Year Productivity This Year Productivity Production (finished units) 4000 4000 Labor (hrs) 350 375 ? ? Capital ($) 15000 19000 ? ? Energy (kWh) 3000 2600 ? ?
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