Operations Management: Single-Factor & Multi-Factor Productivity

This video demonstrates how to calculate single-factor productivity for one productive factor as well as multi-factor productivity with four factors of production.

NOTE: At 2:40 there is an error in the video and the correct MFP should be $0.025 tires per dollar, and NOT $0.25. I was off by a decimal place however the final result is correct because I was consistent in my use of the incorrect amount in the rest of the video.
(0.02564 ÷ 0.025) – 1 = 0.0256 which is 2.56%.

[sarunasavativatanakul]

Thank you for the explanation, but should it be 0.025 tires per dollar instead of 0.25 per dollar on point (b.) ? ( Since it is 1, 000/40, 000)

[beautywithin]

Thank you so much, this was very clear and you explained it well. How do I calculate the MFP for each year if I'm given the following.
2004..
500
Number of
Working hours per
Hourly rate in
Working days per
Material cost in $ 125 000

2005....
500
Number of
Working hours per
Hourly rate in
Working days per
Material cost in $ 175 000

[thandekamsane]

This is my whole assignment, thank you 🤣

[gabrielalares]

Hi, very illustrative video, thanks! I have a question, why in the last answer you are plying -1 to determine the percentage change? why not just divide the new MFP?/Old MFP?

[sanaerachidi]

I'm very late to this video, but I have a question if we have a 7% inflation, how does it affect the MFP ?

[leshawnbranch]

Hi! Say the $output and $input increase because of an addition to the menu, like a new coffee. When I have already calculated the MFP of that how do i then calculate the %change in MFP from the previous menu to the new menu (added new coffee)?

[SaraParker-zbwh]

Hi, thanks so much for the video! I am just conufsed with one thing for part a why isnt the input 400x12.50.... in some textbook they would multiple inputs together, sometimes input would just be number of workers and other just hours.. HOW do i know when to do what, pleaseee help

[RameshChand-hgne]

nicely explained sir
Percent Change =
(New MFP - Old MFP) Divided by Old MFP then multiple it by 100 to convert in percentage
Thank you so much

[kennetjoan]

Please can you clarify? For the "C" the answer is (0.0256/0.025)-1=0.024%
is that right?

[NoName-duiu]

Hello Sir, can the # of inputs be the number of employees?

[temesgenbirhanu]

Do you have book for enginering manegment and economics

[mohammedalhashimi]

what year is this taken? in my university it is a 3rd year course?

[ztxolpv]

If the overhead cost go to $960 (rather than $800), what is the multifactor productivity?

[_H]

How we got $1000 in savings? Could't understand that part

[Nethrapapa]

My question is here, if XYZ company have fixed cost =100$ variable cost =200$, how much tires should company produce every month. To make profit. If 1 tire material cost is $20

[temesgenbirhanu]

Do you have best book with examples of enginnering manegment and economics book please atach to my email