Operations Management, Binder Ready Version: An Integrated Approach
6th Edition
ISBN: 9781118952610
Author: R. Dan Reid, Nada R. Sanders
Publisher: WILEY
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Chapter 2, Problem 10DQ
Summary Introduction
Interpretation: Identify three ways of major methods of measuring productivity.
Concept Introduction: Productivity is the ratio of output to input expressed as a percentage. This is the first criteria of performance for any set of operations/process. This can be used for any one resource (labour, material, space, capital) or a combination of more than one resource as a multifactor productivity.
This is a convenient measure for trends over a period and/or for inter-organization comparison.
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