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Overall labor effectiveness (OLE) is a key performance indicator (KPI) that measures the utilization, performance, and quality of the workforce and its impact on productivity. Similar to overall equipment effectiveness (OEE), OLE measures availability, performance, and quality.
Workforce productivity is the amount of goods and services that a group of workers produce in a given amount of time. It is one of several types of productivity that economists measure. Workforce productivity, often referred to as labor productivity, is a measure for an organisation or company, a process, an industry, or a country.
Wire-grid Cobb–Douglas production surface with isoquants A two-input Cobb–Douglas production function with isoquants. In economics and econometrics, the Cobb–Douglas production function is a particular functional form of the production function, widely used to represent the technological relationship between the amounts of two or more inputs (particularly physical capital and labor) and ...
This analysis suggested [citation needed] that improved labour productivity or total factor technology was the long-run determinant of national growth, and that only under-capitalized countries could grow per-capita income substantially by investing in infrastructure – some of these undercapitalized countries were still recovering from the ...
The Farmer Review of the UK Construction Labour Model, commonly known as the Farmer Review or by its subtitle Modernise or Die, [1] was a 2016 report commissioned by the British Government. [2] Written by industry veteran Mark Farmer, it identified key failings in the British construction industry. Farmer stated that research and development ...
The average product of labor (APL) is the total product of labor divided by the number of units of labor employed, or Q/L. [2] The average product of labor is a common measure of labor productivity. [4] [5] The AP L curve is shaped like an inverted “u”. At low production levels the AP L tends to increase as additional labor is added.
"The Economic Theory of Index Numbers and the Measurement of Input, Output, and Productivity," Econometrica, vol. 50(6), pages 1393–1414, November. Alexandra Daskovska & Léopold Simar & Sébastien Bellegem, 2010. "Forecasting the Malmquist productivity index," Journal of Productivity Analysis, Springer, vol. 33(2), pages 97–107, April.
The calculations of total productivity of a nation or an industry are based on the time series of the SNA, System of National Accounts, formulated and developed for half a century. National accounting is a system based on the recommendations of the UN (SNA 93) to measure total production and total income of a nation and how they are used.