Partial productivity
Measurement of partial productivity refers to the measurement solutions which do not meet the requirements of total productivity measurement, yet, being practicable as indicators of total productivity. In practice, measurement in production means measures of partial productivity. In that case, the objects of measurement are components of total productivity, and interpreted correctly, these components are indicative of productivity development. The term of partial productivity illustrates well the fact that total productivity is only measured partially – or approximately. In a way, measurements are defective but, by understanding the logic of total productivity, it is possible to interpret correctly the results of partial productivity and to benefit from them in practical situations.
Solutions
Typical solutions of partial productivity are:
- Single-factor productivity
- Value-added productivity
- Unit cost accounting
- Efficiency ratios
- Managerial control ratio system
Single-factor productivity refers to the measurement of productivity that is a ratio of
Measurement
The measures of partial productivity are physical measures,
See also
References
- ^ Saari, S.: Productivity. Theory and Measurement in Business. European Productivity Conference. Espoo, Finland