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 ($) 15000 19000 ? ? Energy (kWh) 3000 2600 ? ?
Mark's Ceramics is looking on a new oven this year in the belief that it would cut energy usage. Mark is concerned that the new oven requires extra labor hours for its operation. Mark wants to check the energy savings of the new oven, and also to look over other measures of their productivity to see if the change really was beneficial. Calculate the Labor, Capital and Energy productivity for both years to support the Mark’s decision. Mark has the following data to work with: Answer: Last Year This Year Last Year Productivity This Year Productivity Production (finished units) 4000 4000 Labor (hrs) 350 375 ? ? Capital ($) 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
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
Related questions
Question
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
?
?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
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.Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.