BU385 Study Guide - Midterm Guide: Galician Nationalist Bloc, Product Design, Job Shop
Document Summary
Basic definition: normally measured as ratio of outputs to inputs. Productivity growth: percentage change in productivity from the previous period. Partial measures: labour, material, energy, machine, production time. Multifactor measures: measured as output per $ of input. Next period = last period, simple to use and understand, very low cost, low accuracy. Total value of all inputs used to provide them ($) goods or services produced (units) St = taft + (at - taft) = at + (1 )(taft) Tt = tt-1 + b( st - st-1- tt-1) = (st - st-1) + (1 ) tt-1. Where: st =smoothed average at the end of period t. Tt = smoothed trend at the end of period t. Generally, we use 0 a 1, 0 1. First sn= sum of n periods/n, first tn=(current-oldest)/n-1. Odd: position = sum of n - positions/n. Average= follows the same principle as position, but adding the actuals of each {set}
