Productivity Analysis Using the Cobb-Douglas Function Based on Effective Working Hours
Analisa Produktivitas Menggunakan Fungsi Cobb-Douglas Berdasarkan Jam Kerja Efektif
DOI:
https://doi.org/10.21070/ups.4598Keywords:
Productivity, Effective Working Hours, Cobb-Douglas, Efficiency IndexAbstract
The company's problem is that the amount of shoe production output produced fluctuates throughout the year, The data required is the amount of production per month and the amount of effective working time in each month. This research aims to compare the productivity of the amount of effective working time in the production department in 2021 and 2022. The productivity measurement method is based on the Cobb-Douglas production function approach, so that we can know the extent of the company's efficiency and effectiveness. These results can be used as consideration in maintaining and increasing productivity. Productivity measurement is carried out using the Cobb-Douglas function approach. This research shows that the level of productivity in 2022 is higher than in 2021 with the efficiency index values in 2021 and 2022 being 0.9499104 and 1.0599527. This means that the use of working hours increased by 11.58%.
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