The input and output data for an industry given in the table. Find out various productivity measures like total, multifactor and partial measure.
The input and output data for an industry given in the table. Find out various productivity measures like total, multifactor and partial measure.
Output and Input production data in dollar ($)
Output
- Finished units 10,000
- Work in progress 2,500
- Dividends 1,000
- Bonds -------
- Other income --------
|
Input 1. Human |
3,000 |
|
2. Material |
153 |
|
3. Capital |
10,000 |
|
4. Energy |
540 |
|
5. Other Expenses |
1,500 |
|
Solution: Total measure = Total Output |
= 13,500 = 0.89 |
|
Total Input |
15,193 |
Multi factor measure = Total Output = 13,500 = 4.28
Human+Material 3,153
Multi factor measure = Finished units = 10,000 = 3.17
Human+Material 3,153 Partial Measure1 = Total Output = 13,500 = 25
Energy 540
Partial Measure2= Finished units = 10,000 = 18.52
Energy 540
Note: For multifactor and partial measures it is not necessary to use total output as numerator. Often, it is describe to create measures that represent productivity as it relates to some particular output of interest.
Other fields for the measurement of partial measures of productivity are:
Business Productivity Measure
Restaurant Customers (Meals) per labour hour
Retail Store Sales per square foot
Utility plant Kilowatts per ton of coal
Paper mill Tons of paper per cord of wood
