Assessing the effects of productivity changes on current profits is one way to value productivity changes. Profits change from the base per...
Total productivity measurement
Measuring productivity for all inputs at once is called total productivity measurement. In practice, it may not be necessary to measure the...
Partial productivity measurement defined
Productivity of a single input is typically measured by calculating the ratio of the outputto the input as follows: Productivity ratio=...
Reporting quality costs
A quality cost reporting system is essential if an organization is serious about improving and controlling quality costs. The first and sim...
Quality cost measurement
Quality costs can also be classified as observable or hidden. Observable quality costs are those that are available from an organization’s ...
Defining quality costs
Quality-linked activities are those activities performed because poor quality may or does exist. The costs of performing these activities a...
The meaning of quality
Quality is often referred to as the “degree or grade of excellence”; thus, it is a relative measure of goodness. Defining quality as goodne...
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