Purchase Solution

Production Estimation

Not what you're looking for?

Ask Custom Question

a. Discuss the problems of measuring productivity in actual work situations.
b. How might productivity be measured for each of the following industries?
i. Education (e.g., elementary and secondary education, higher education - undergraduate and graduate)
ii. Government (e.g., the Social Security Office, the Internal Revenue Service)
iii. Manufacturing (e.g., soap and toothpaste, computers, heavy machinery)
iv. Finance and insurance (e.g., banks, insurance companies, brokerage houses)
c. What are the problems of measuring productivity in the Airline industry?

Purchase this Solution

Solution Summary

This explanation provides you a comprehensive argument relating to Production Estimation

Solution Preview

a. Discuss the problems of measuring productivity in actual work situations.
The problem related to measuring productivity in actual work situation in part related to quantifying knowledge work tasks. Companies categorize work by content and then select the most apt measurement technique. Further, there is a problem linking output to input. For instance, if a firm attempts to measure the output of a single unit of labor, changes in scale of production, changes in managerial techniques, and other such factors also affect output; another problem is that the output indicator is not quantifiable. In the actual workplace there are problems related to measuring labor input. Hours worked by all categories of workers are not the same. The other problems are related to measuring creativity in producing innovations, the productive effects of some labor on other forms of labor, and the quality of labor.
b. How might productivity be measured for each of the following industries?
i. Education (e.g., elementary and secondary education, higher ...

Solution provided by:
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
Recent Feedback
  • "I read your comments, and thank you for this feedback. Do I need to find other studies that applied this methodology Ive used? That's where I'm stuck at."
  • "Thank you kindly sir. "
  • "Excellent and well explained. --Thank you kindly. "
  • "Awesome notes. I appreciate you."
  • "I have the follow-up project and I will assign that to you very soon. "
Purchase this Solution


Free BrainMass Quizzes
Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.