IE228Week1 - WORK STUDY Week 1 Productivity Productivity...

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WORK STUDY Week 1
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Productivity Productivity has a number of different meanings General equation of productivity Productivity=Output/Input The others; *Labor productivity=units produced/hours worked *Capital productivity=output/capital input *Material productivity=output/materials input Determine a productivity term related with you! ----Total scores / Target skores?
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An input-output model of the firm
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Productivity Index Labor productivity and “output per hour” U.S. Bureau of Labor Statistics holds a standard guidelines. All relationships are determined output/input Labor productivity index=Total annual output/the total hours worked. Output=“real” annual sales Input= average number of employees×average number of hours during the year………….
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Technological Innovation Changes in technology =increase in productivity expected. Technological innovations=increased labor output, a reduction in costs, reduction in the price of the product or service. Examples; dial telephone? Hybrid seeds, fertilizer, farm machinery? Computer? What are the high technology requires? increase in investment Increase in employees’ skills Heavy working conditions Risky repetitive operations by machines. Computer is an integral parts of machine
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Measurement of Individual Worker Productivity Worker performance can be measured by worker productivity It is necessary standard time of a job. For example, if the standard time to assemble a bench grinder is
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IE228Week1 - WORK STUDY Week 1 Productivity Productivity...

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