Productivity measurement and improvement - DiVA portal

Department of Real Estate and Construction Management

Thesis Number 149

Masters Program in Real Estate Development and Financial Services

Master of Science 30 credits

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Productivity ? measurement and improvement

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Author:

Supervisor:

Yana Myronenko

Carl-Axel Engdahl

Stockholm 2012 1

Master of Science thesis Title:

Author: Field of study: Master Thesis number: Supervisor: Keywords:

Productivity ? measurement and improvement Yana Myronenko Management 149 Carl-Axel Engdahl Productivity, labor productivity, the new productivity paradigm, increasing productivity.

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Abstract The objective of this paper is to analyze methods of measurement of labor productivity and introduce them to real business. The object of this paper is to investigate methods of measuring performance. The subject of this paper is the process of implementing methods to increase productivity. Methods (procedures) of the study. Pattern during the writing of this work was used by scientists articles information about the measurement and implementation of systems productivity. Recommendations for the use of this work. Since this work was written with the use of different methods and examples, not all of them before writing the work was known to me, I want to present a certain part to improve the productivity of some companies in my country.

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Table of contents

1. Introduction.....................................................................5 1.1. Background................................................................5 1.2. Problem area and research question.................................5 1.3. Approach................................................................6

2. Productivity.....................................................................7 2.1. Productivity in genera..................................................7 2.2. Production function.....................................................8 2.3. Measures of productivity and their uses.............................9 2.3.1. Measuring and interpreting partial productivity...........11 2.4. The new productivity paradigm...................................12 2.5. Methods of increasing productivity................................14 2.5.1. Quality improvement programs..............................14 2.5.2. Lean production methods....................................16 2.5.3. Supply chain management....................................16 2.5.4. Automation and information technology...................17 2.5.5. Professional development of the workforce.............19

3. Labor productivity...........................................................20 3.1. Measurement of labor productivity...............................20 3.1.1. Production function...........................................20 3.2. Factors of increasing labor productivity.........................23 3.2.1. Capital deepening.............................................23 3.2.2. Increases in skills..............................................24 3.2.3. Implementation of new system.............................25

4. Conclusions...................................................................25

References

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1. Introduction

1.1. Background

At the present stage of economic development, one of the main components of successful industrial organizations is planning productivity. Increased productivity reduces the cost of work on the production unit or an increase in output.

This paper describes various approaches to increasing productivity.

Study of the productivity growth is becoming more important against a backdrop of market relations, because it allows company to stay competitive on the market and strengthen the social component in the development of society.

An important role for the analysis of labor productivity is definition and use of reserves to improve production efficiency. It contributes to the economic use of labor resources, identifying and implementing best practices, organization of work, new equipment and technology, to prevent waste, etc.

1.2. Problem area and research question

Productivity is one of the keys to financial success of the enterprise.

At the same time one of the key performance indicators of the enterprise is labor productivity, which characterizes the fraction of output or services produced per unit of labor input, the ratio of the results to the labor costs incurred.

The aim is to analyze staff productivity and enterprise development proposals for planning to increase its productivity.

Achieving this goal requires solving the following tasks:

- Justification of the importance of planning increase productivity of staff; - Identification, analysis and methods of measuring productivity; - Determining factors and reserves for increasing productivity;

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