StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Dulax Box Plant Multifactor Productivity Before and After Changes - Essay Example

Cite this document
Summary
Multifactor productivity is one way to measure effectively and efficiently factors of production are able to generate total output. In this paper we will…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.8% of users find it useful
Dulax Box Plant Multifactor Productivity Before and After Changes
Read Text Preview

Extract of sample "Dulax Box Plant Multifactor Productivity Before and After Changes"

Topic: Dulax Box Plant Multifactor Productivity Before and After Changes There has been increasing need by businesses to measure productivity so as to foster the business aim of making profit. Multifactor productivity is one way to measure effectively and efficiently factors of production are able to generate total output. In this paper we will concentrate on determining the multifactor productivity of Dulax box before the change in inputs and after the change and interpret the multifactor figures.

Multifactor productivity is a ratio that delineates relationship that exist between the real output and the input used to generate or produce the output. In this case input refers to all factors of production combined. Thus, Multifactor productivity measure joint contribution of the various factors of production like labor, capital rather than specific contribution by one factor of production (Ryan, 2011). The multifactor productivity before changes can be calculated as follows,Inputs,Labor cost will be equal to, 5 (workers) x 8 (hours) x $10(cost per hour) x 2 (shifts) = $800 per dayCapital costs = $ 3000 per day Energy costs = $ 400 per dayTotal inputs costs = labor cost plus capital costs plus energy costs = 800 + 3000 +400 = $ 4200Multifactor productivity= total output (in units)/ total input = 500 / 4200 = 0.

1190After changes, Inputs, labor costs = 8 (number of hours) x $ 10 (cost per hour) x 5 (number of workers) x 2 (number of shifts) = $ 800Capital costs = $ 3200 Energy costs =$ 400Total inputs= labor cost plus capital cost plus energy cost = 800 + 3200 + 400 = 4400Total output= 300 x 2 = 600 unitsThe multifactor productivity = output / input = 600 / 4400 = 0.1364 There has been a change in multifactor productivity from 0. 1190 to 0.1364 this shows increased efficiency of the firm and thus, the firm can be said to have increased total productivity.

This increase in productivity cannot be explained by a vary in combined inputs, therefore multifactor productivity in this case reflects changes in expertise and machinery (technology) used in production. Works CitedRyan, M. M. (2011). Handbook of U.S. Labor Statistics: Employment, Earnings, Prices . Maryland: Bernan Press.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Dulax Box Plant Multifactor Productivity Before and After Changes Essay”, n.d.)
Dulax Box Plant Multifactor Productivity Before and After Changes Essay. Retrieved from https://studentshare.org/management/1582978-dulax-box-plant-multifactor-productivity-before-and-after-changes
(Dulax Box Plant Multifactor Productivity Before and After Changes Essay)
Dulax Box Plant Multifactor Productivity Before and After Changes Essay. https://studentshare.org/management/1582978-dulax-box-plant-multifactor-productivity-before-and-after-changes.
“Dulax Box Plant Multifactor Productivity Before and After Changes Essay”, n.d. https://studentshare.org/management/1582978-dulax-box-plant-multifactor-productivity-before-and-after-changes.
  • Cited: 0 times

CHECK THESE SAMPLES OF Dulax Box Plant Multifactor Productivity Before and After Changes

ARU's Bookstore Black Box Test Plan

If the cost based changes are concerned, the company has to pay for the programming and development costs for a period of 2 weeks more.... But after the calculation for the net present value, we have for project Mu £924,420, for project Eta £841,872, and for project Iota £370,072.... after the rescheduling, the new finish day for the project Kappa would be on Monday 12/05/07 which would be 18 weeks.... If the company want to market it at the same price decided before rescheduling, there is a need of supplying for more customers initially as the supply to more number of customers will increase profitability on the same cost price....
14 Pages (3500 words) Assignment

CAPM, ICAPM and Multifactor Models

after (Sharpe, 1964) developed the CAPM theory several other researchers have developed the theory with giving importance to the diversifiable and non-diversifiable risks of different investments.... Previously… This risk is denoted as “market risk” and the formula for CAPM is as follows: The expected return for an asset i according to CAPM is equal risk free rate plus a risk premium” Later on research was conducted and the creators of CAPM theory related diversifiable which are unsystematic risks and non-diversifiable which are systematic risks for all the securities in the portfolio....
5 Pages (1250 words) Essay

Place Before And After

The paper "Place before and after" gives information about writer's father's hometown in the northern part of America.... The author shares memories of town in the past, tells about changes that happened with it and makes conclusions about before and after effects of everything.... I felt sad as I knew I could not do much about it, but I knew the before and after situations of life will bring certain lessons.... Conclusion Everything can have its before and after effects whether in a place, situation or perceptions....
2 Pages (500 words) Essay

Productivity and the Human Resource Management

A chance given to describe this term would bring a wide range of perspectives that individuals at different levels would define productivity.... Some people… d define productivity in terms of performance, some in terms of input and output, others in terms of the job category, while others would go to the lengths of human resource and working environment.... However, given the various perspectives from various scholars and logic, I would define productivity as a measure of performance as compared to the ratio of output produced in relation to the input inserted into any task or project....
8 Pages (2000 words) Essay

The Black Box in the Plains

are capable of recording more than 250 types of digital data, or parameters, per second, and store them all for 25 hours before writing over them.... A black box is a device or theoretical constructs with proverbial or given characteristic input, output and data transfer methods that are unknown or such-and-such constituents and means of operation.... It is a closed computer program and its implementation is "opaque", hence the term black box....
7 Pages (1750 words) Essay

A High Productivity Ratio

hile it is true that multifactor productivity pinpoints the efficiency of a company, I believe that there are more items to consider when assessing the efficiency rather than merely focusing on the production process.... The essay “A High productivity Ratio” discusses an increase in productivity, which implies that less input produces more output.... You already identified productivity as 14.... Apparently, productivity increases as the number of inputs increases....
1 Pages (250 words) Essay

Water Treatment Plant

These changes were conducted in1993 and 1998 owing to mounting pressure caused by population growth (Yudelson, 2013: 17).... From the paper "Water Treatment plant" it is clear that conservation of ecological integrity and biodiversity promotes the range of indigenous plants and animals.... The treatment plant plays an imperative role in improving the levels of water recycling in the region to nearly 70 billion litres of water annually by the year 2015 (Yudelson, 2013: 14)....
7 Pages (1750 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us