Measurement And Computing Of Productivity Pdf
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- Productivity: Meaning, Concept, Formulas, Techniques, Measurement and Advantages
- Productivity and Efficiency Measurement Concepts
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Productivity refers to the physical relationship between the quantity produced output and the quantity of resources used in the course of production input. Productivity is the ratio between output of wealth and input of resources used in production processes. Output means the quantity of products produced and the inputs are the various resources used in the production. The resources used may be land, building, equipment, machinery, materials, labour etc.
Productivity: Meaning, Concept, Formulas, Techniques, Measurement and Advantages
As employees, we want to do more in a shorter amount of time. When we represent our organizations, we want to generate more revenue with fewer resources. The real challenge is proving that value of our efforts. How do you calculate productivity in employees, an organization, or from office productivity software? This article will walk you through the different formulas to measure productivity at all levels employee, organization, and software and give some quick tips and tricks to improve productivity.
Not a MyNAP member yet? Register for a free account to start saving and receiving special member only perks. As important as productivity is to the continued economic development of the world, it is surprising that so little is known about measuring and managing it. Part of the problem may lie in the unit of analysis industry uses to measure productivity and in a failure to recognize the complexity of the relationships between the productivity of the individual worker and the total performance of the organization. The body of research knowledge provides little help. A multitude of micro studies of individual work behavior exist, but the measure of productivity used is seldom comparable to those developed in industry.
Skip to search form Skip to main content You are currently offline. Some features of the site may not work correctly. DOI: To a large extend, the units used to measure program quality and productivity tend to lead the mind along certain channels of thought. An analysis of the commonly used units of measure in programming has revealed deficiencies in some units that lead to incorrect and even to paradoxial conclusions. View PDF.
Productivity and Efficiency Measurement Concepts
A few years ago, a major manufacturing-based conglomerate asked a gifted mathematician to join its corporate staff. He devoted many months to the assignment and also tapped the knowledge of […]. Some productivity indexes boast technical elegance and statistical precision—but have little to do with daily management decision making, or even, for that matter, the bottom line. What you need is enough good information to enable you to determine how well your company is taking a pile of raw materials, a bunch of machines, stacks of paperwork, and groups of employees, and turning out useful goods or services. As long as you stay mindful of how the perfect can get in the way of the good, a few basic guidelines can help you design a system that meets your needs. What is productivity anyway? Rather, productivity is output divided by input.
In line with its organizational mission, since the APO has conducted productivity measurement projects that provide a comparative analysis of the productivity and economic growth of APO member economies. The results of these projects support the Secretariat in planning need-based programs and assist member governments in formulating appropriate economic policies and strategies. These productivity measurement projects are implemented under a research partnership with Keio Economic Observatory of Keio University, Tokyo. The AEPM provides a graphic dashboard view of productivity and economic trends, and the data are presented as both by per-worker labor productivity and per-hour labor productivity, in addition to total factor productivity growth rates. Labor productivity growth has been computed for key sectors, such as agriculture, manufacturing, wholesale and retail, transportation, and communication. Data on other economic parameters including output, capital, demand, income, population, and prices are also available as one-point references on the AEPM. Click here to go to Asian Economy and Productivity Map.
The productivity paradox , also referred to as the Solow paradox , could refer either to the slowdown in productivity growth in the United States in the s and s despite rapid development in the field of information technology IT over the same period, or to the slowdown in productivity growth in the United States and Developed World from the s to modern day s; sometimes the newer slowdown is referred to as the productivity slowdown , the productivity puzzle , or the productivity paradox 2. The s to s productivity paradox inspired many research efforts at explaining the slowdown, only for the paradox to disappear with renewed productivity growth in the Developed World in the s. However, issues raised by those research efforts remain important in the study of productivity growth in general, and became important again when productivity growth slowed around the world again from the s to the present day. The s to s productivity paradox has been defined as a perceived "discrepancy between measures of investment in information technology and measures of output at the national level. This perceived paradox was popularized in the media by analysts such as Steven Roach and later Paul Strassman. Many observers disagree that any meaningful "productivity paradox" exists and others, while acknowledging the disconnect between IT capacity and spending, view it less as a paradox than a series of unwarranted assumptions about the impact of technology on productivity. In the latter view, this disconnect is emblematic of our need to understand and do a better job of deploying the technology that becomes available to us rather than an arcane paradox that by its nature is difficult to unravel.
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Productivity describes various measures of the efficiency of production. Often, a productivity measure is expressed as the ratio of an aggregate output to a single input or an aggregate input used in a production process, i. The key source of difference between various productivity measures is also usually related directly or indirectly to how the outputs and the inputs are aggregated into scalars to obtain such a ratio-type measure of productivity. Productivity is a crucial factor in production performance of firms and nations.
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