|
|
A System-wide Productivity Figure of Merit
|
Author(s):
|
|
Declan Murphy, Thomas Nash and Larry Votta Jr
|
|
Report Number:
|
Date Published:
|
Available Formats:
|
|
TR-2006-154
|
March 2006
|
Portable Document Format (PDF)
Request Hard Copy
|
| Abstract |
|
The goal of this note is to combine productivity and performance benchmark measurement and subjective evaluations into a single system-wide figure of merit that could, for example, be used for budget justifications and procurements. With simplifying assumptions, which we believe do not compromise its usefulness, we have been able to decouple the variables that form the figure of merit so that each comes from an identifiable benchmarking, costing, or subjective evaluation activity. In this way, we expect that these different evaluations will be brought together into a single measure of productivity defined in a traditional way as dollar value (utility) output divided by dollar cost input. The main body of the text presents an operational framework in a consciously heuristic style and describes how each component might be determined. This figure of merit is not really heuristic. We develop it with somewhat more rigor in Appendix I.
|
|
|
