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Appropriate index number formulae for productivity measurement at the plant/organizational level
Author(s) -
Silver M. S.
Publication year - 1982
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/mde.4090030411
Subject(s) - index (typography) , productivity , order (exchange) , econometrics , mathematics , economics , statistics , operations management , computer science , macroeconomics , finance , world wide web
Changes in productivity may be based on relating changes in physical (real) output to changes in physical input(s). Such a system of productivity measures requires the choice of an appropriate index number formula in order to convert changes in money aggregates into physical or real terms. Criteria for the choice between appropriate index number formulae are considered and developed, and an illustration provided.