Loose-leaf for Operations Management (The Mcgraw-hill Series in Operations and Decision Sciences)
Loose-leaf for Operations Management (The Mcgraw-hill Series in Operations and Decision Sciences)
12th Edition
ISBN: 9781259580093
Author: William J Stevenson
Publisher: McGraw-Hill Education
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Chapter 2, Problem 2CTE
Summary Introduction

To explain: The factor which causes productivity figures to be misleading and suggest any other method to compare two plants which would be meaningful.

Introduction: Competitiveness, strategy making and productivity are three crucial aspects for a firm to withstand and succeed in present competitive business environment. These elements are interrelated which must be handled efficiently in order to attain competitive edge.

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A U.S. company has two manufacturing plants, one in Michigan and one in Toluca, Mexico.  Both produce the same item, each for sale in their respective countries.  However, their productivity figures are quite different.  The analyst thinks this is because the Michigan plant uses more automoted equipment for processing while the other plant uses a higher percentage of labor.  Explain how that factor can cause productivity figures to be misleading.  Is there another way to compare the two plants that would be more meaningful?
Cooling Fan Manufacturing started in year 2015. They spend $200,000 total cost to make the shipment including Labor, Materials, Capital Cost and other expenses. They sold the merchandise for $300,000. After 5 years, in year 2020 the expenses double up to $400,000 and the sales also gone up to $1,000,000. Compute the Productivity of Cooling Fan Manufacturing in year 2015 and year 2020. Compare the two scores and Explain what are the possible reason behind.
A factory produces 14,000 desk staplers each week. The equipment used costs $50,000 and will remain productive for four years. The labor cost per year is $190,000. a. What is the productivity measure of "units of output per dollar of input" averaged over the four-year period? Assume that there are 52 weeks per year. Round your answer to two decimal places. units of output per dollar input b. We have the option of buying $55,000 of new equipment, with an operating life of seven years. It would reduce labor costs to $124,000 per year. Should we consider purchasing this equipment (using productivity arguments alone)? Assume that there are 52 weeks per year. Round your answer for productivity to two decimal places. For the newer machine, the productivity is -Select-, it would be a-Select- investment. -Select- higher lower units of output per dollar input. Because the productivity of the new machine is
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