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Operations Management Chapter 1 Calculations

In: Business and Management

Submitted By lucas2604
Words 363
Pages 2
Fall 2015 – MGT 3110 - HW01-Ch01
DUE: 8/23/2015
50 points

1. Problem #1.6, page 21 2. Problem #1.7, page 22 3. An Appliance Service company repaired 15 lawn-mowers, 18 refrigerators, and 10 washers in an 8-hour day with his standard crew of 6 workers. The average wage for the workers is $12.50 per hour. The materials cost for a day was $500 while the overhead cost was $300. The retail price for each respective service is $50, $125, and $80? a. What is the multifactor productivity? b. How much of a reduction in input is necessary for a 4% increase in multifactor productivity?

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Partial answer key: 1. Problem #1.6, page 21: Change %: 9.09%, 11.11%, -9.10%, 5.28% 2. Problem #1.7, page 22: Change %: 7.517% 3. (a) 2.7143; (b) $53.87

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