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Problems 1. Eric Johnson makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. Eric is interested in determining the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of 3% increase in productivity per year? He has the following data representing a month from last year and an equivalent month this year: Last Year Now Units produced 1,000 1,000 Labor (hours) 300 275 Resin (pounds) 50 45 Capital invested ($) 10,000 11,000 Energy (BTU) 3,000 2,850 Eric Johnson determines his costs to be as follows: Labor: $10 per hour ◆Resin: $5 per pound ◆ Capital expense: 1% per month of investment ◆ Energy: $0.50 per BTU Show 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. 2 Given the following data use exponential smoothing with a = 02 and a=05 to generate forecasts.

Problems 1. Eric Johnson makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. Eric is interested in determining the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of 3% increase in productivity per year? He has the following data representing a month from last year and an equivalent month this year: Last Year Now Units produced 1,000 1,000 Labor (hours) 300 275 Resin (pounds) 50 45 Capital invested ($) 10,000 11,000 Energy (BTU) 3,000 2,850 Eric Johnson determines his costs to be as follows: Labor: $10 per hour ◆Resin: $5 per pound ◆ Capital expense: 1% per month of investment ◆ Energy: $0.50 per BTU Show 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. 2 Given the following data use exponential smoothing with a = 02 and a=05 to generate forecasts.

Practical Management Science
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...
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Problems 1. Eric Johnson makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. Eric is interested in determining the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of 3% increase in productivity per year? He has the following data representing a month from last year and an equivalent month this year: Last Year Now Units produced 1,000 1,000 Labor (hours) 300 275 Resin (pounds) 50 45 Capital invested ($) 10,000 11,000 Energy (BTU) 3,000 2,850 Eric Johnson determines his costs to be as follows: Labor: $10 per hour ◆Resin: $5 per pound ◆ Capital expense: 1% per month of investment ◆ Energy: $0.50 per BTU Show the percent change in productivity for one month last year versus one month this year, on a multifactor basis with dollars as the common denominator. 2 Given the following data use exponential smoothing with a = 02 and a=05 to generate forecasts.
Transcribed Image Text:Problems 1. Eric Johnson makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. Eric is interested in determining the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of 3% increase in productivity per year? He has the following data representing a month from last year and an equivalent month this year: Last Year Now Units produced 1,000 1,000 Labor (hours) 300 275 Resin (pounds) 50 45 Capital invested ($) 10,000 11,000 Energy (BTU) 3,000 2,850 Eric Johnson determines his costs to be as follows: Labor: $10 per hour ◆Resin: $5 per pound ◆ Capital expense: 1% per month of investment ◆ Energy: $0.50 per BTU Show 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. 2 Given the following data use exponential smoothing with a = 02 and a=05 to generate forecasts.
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