Problem : Productivity, Efficiency and Utilization
Master Lock in Milwaukee, WI manufactures padlocks that are sold across the United States. The most Master Lock could possibly make in one day (its theoretical capacity) is 19,500 padlocks, but the rated capacity for the factory is 14,100 padlocks per day. Last week's production numbers are shown below.
|
Monday
|
Tuesday
|
Wednesday
|
Thursday
|
Friday
|
|
Padlocks Made
|
10,948
|
14,267
|
13,967
|
12,694
|
11,872
|
|
Total Labor Hours
|
410
|
482
|
455
|
516
|
371
|
|
Total Labor Spend
|
$ 8,150
|
$ 9,439
|
$ 9,264
|
$ 10,602
|
$ 7,196
|
a) What was the productivity on Monday in terms of padlocks per labor hour? Show your answer to one decimal place.
b) What was the productivity on Tuesday in terms of padlocks per labor dollar? Show your answer to two decimal places.
c) What was the efficiency of the factory on Wednesday? Show your answer to the nearest tenth of a percent.
d) What was the utilization of the factory on Thursday? Show your answer to the nearest tenth of a percent.
e) What was the productivity growth (where productivity is measured in terms of padlocks per labor hour) from Monday to Friday? Show your answer to the nearest tenth of a percent.