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Management Studies

Problem:

A company has asked you to evaluate the firm's productivity by comparing this year' performance with last year's. The following data are available:

	Last Year	This Year
Output	12,500 units	14,100 units
Labor Hours	11,000	11,200
Utilities (BTUs)	7,800	9,250
Capital	$85,000	$87,000

Required:

Question a) Has the company improved its productivity during the past year in all the three categories? Explain your results in percentage terms.

Question b) Which category shows the greatest increase and which shows the least?

Solve the given numerical problem and illustrate step by step calculation.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91166688

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