Tag - measurement

Explain the types of productivity measurement.

Ans. There are the following types of productivity measurement- (i) Direct Cost Productivity- All the items of direct cost associated with resources are aggregated on a monetary value basis. (ii) Energy Productivity - Only the amount of energy consumed is considered as the resource. All the [...]

What are the components of productivity measurement system ?

Ans. Following are the basic compliments of productivity measurement system- (i) A list of outputs of the organization in units form. (ii) For each type of output, standard time, standard cost, raw material 1 use, equipment use and tool use etc. . (iii) A statement of the [...]