total productivity as a measure in units and in $ .
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter4: Linear Programming Models
Section4.8: Data Envelopment Analysis (dea)
Problem 41P
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Question
A company has a product that utilizes labor and machine time. Assume 8,888 units are produced in 500 hours and are sold for $ 7 / unit. The labor rate is $ 8/ hour. Calculate the total productivity as a measure in units and in $ .
Expert Solution
Step 1
Total productivity indicating the proportion between number of unit produced and total input values. Here, we have two items as inputs. Using the values, we can identify the total productivity like given below.
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