Formula for calculating Performance index

3 minutes
Share the link to this page
Copied
  Completed
You need to have access to the item to view this lesson.
One-time Fee
$49.99
List Price:  $69.99
You save:  $20
€47.51
List Price:  €66.52
You save:  €19
£39.57
List Price:  £55.40
You save:  £15.83
CA$69.83
List Price:  CA$97.77
You save:  CA$27.93
A$76.76
List Price:  A$107.48
You save:  A$30.71
S$67.19
List Price:  S$94.07
You save:  S$26.88
HK$389.07
List Price:  HK$544.73
You save:  HK$155.66
CHF 44.17
List Price:  CHF 61.85
You save:  CHF 17.67
NOK kr552.55
List Price:  NOK kr773.61
You save:  NOK kr221.06
DKK kr354.40
List Price:  DKK kr496.19
You save:  DKK kr141.78
NZ$85.21
List Price:  NZ$119.31
You save:  NZ$34.09
د.إ183.61
List Price:  د.إ257.07
You save:  د.إ73.46
৳5,978.91
List Price:  ৳8,370.95
You save:  ৳2,392.04
₹4,225.77
List Price:  ₹5,916.42
You save:  ₹1,690.64
RM223.20
List Price:  RM312.50
You save:  RM89.30
₦84,012.69
List Price:  ₦117,624.49
You save:  ₦33,611.80
₨13,908.54
List Price:  ₨19,473.08
You save:  ₨5,564.53
฿1,733.10
List Price:  ฿2,426.48
You save:  ฿693.38
₺1,727.24
List Price:  ₺2,418.28
You save:  ₺691.03
B$290.46
List Price:  B$406.67
You save:  B$116.21
R906.09
List Price:  R1,268.60
You save:  R362.51
Лв92.91
List Price:  Лв130.09
You save:  Лв37.17
₩70,046.43
List Price:  ₩98,070.61
You save:  ₩28,024.17
₪186.68
List Price:  ₪261.37
You save:  ₪74.69
₱2,952.60
List Price:  ₱4,133.88
You save:  ₱1,181.28
¥7,718.58
List Price:  ¥10,806.63
You save:  ¥3,088.05
MX$1,017.02
List Price:  MX$1,423.91
You save:  MX$406.89
QR182.44
List Price:  QR255.44
You save:  QR72.99
P683.49
List Price:  P956.94
You save:  P273.45
KSh6,461.20
List Price:  KSh9,046.20
You save:  KSh2,585
E£2,482.03
List Price:  E£3,475.04
You save:  E£993.01
ብር6,237.86
List Price:  ብር8,733.50
You save:  ብር2,495.64
Kz45,607.24
List Price:  Kz63,853.79
You save:  Kz18,246.54
CLP$48,681.26
List Price:  CLP$68,157.66
You save:  CLP$19,476.40
CN¥362.01
List Price:  CN¥506.84
You save:  CN¥144.83
RD$3,017.61
List Price:  RD$4,224.90
You save:  RD$1,207.28
DA6,678.15
List Price:  DA9,349.94
You save:  DA2,671.79
FJ$113.48
List Price:  FJ$158.89
You save:  FJ$45.40
Q386.23
List Price:  Q540.76
You save:  Q154.52
GY$10,467.47
List Price:  GY$14,655.30
You save:  GY$4,187.82
ISK kr6,913.61
List Price:  ISK kr9,679.61
You save:  ISK kr2,766
DH499.81
List Price:  DH699.78
You save:  DH199.96
L910.32
List Price:  L1,274.52
You save:  L364.20
ден2,923.74
List Price:  ден4,093.48
You save:  ден1,169.73
MOP$401.12
List Price:  MOP$561.60
You save:  MOP$160.48
N$907.46
List Price:  N$1,270.52
You save:  N$363.05
C$1,841.10
List Price:  C$2,577.69
You save:  C$736.58
रु6,753.23
List Price:  रु9,455.06
You save:  रु2,701.83
S/189.86
List Price:  S/265.82
You save:  S/75.96
K201.41
List Price:  K281.99
You save:  K80.58
SAR187.67
List Price:  SAR262.75
You save:  SAR75.08
ZK1,384.62
List Price:  ZK1,938.58
You save:  ZK553.95
L236.44
List Price:  L331.04
You save:  L94.59
Kč1,203.80
List Price:  Kč1,685.42
You save:  Kč481.62
Ft19,537.53
List Price:  Ft27,354.11
You save:  Ft7,816.57
SEK kr551.39
List Price:  SEK kr771.99
You save:  SEK kr220.60
ARS$50,126.56
List Price:  ARS$70,181.20
You save:  ARS$20,054.63
Bs346.46
List Price:  Bs485.08
You save:  Bs138.61
COP$220,634.58
List Price:  COP$308,906.07
You save:  COP$88,271.48
₡25,407.49
List Price:  ₡35,572.52
You save:  ₡10,165.02
L1,264.30
List Price:  L1,770.13
You save:  L505.82
₲391,827.47
List Price:  ₲548,589.81
You save:  ₲156,762.34
$U2,138.81
List Price:  $U2,994.50
You save:  $U855.69
zł206.57
List Price:  zł289.22
You save:  zł82.64
Already have an account? Log In

Transcript

Now I will take you through calculating UI performance factor. So performances is the ratio of actual quantity produced during operating time divided by standard quantity can be produced during Operation time. We'll do an example, I work for only one hour, within one hour, I expected to give under person output, there is a standard during the time how much actually I deliver suppose I deliver some different percentage that means 75 divided by 100. This percentage will be my performance factor. In nutshell, it is a ratio of actual quantity do double standard quantity expected during the operation time. Simple as that.

Anyway, we'll see the example the real data, we have seen from utilization calculation, actual operating time or standard minutes. Assume that standard time purposes three minutes in a given day some component is running the standard time purposes three minutes. So, actually, we can expect Standard Quantity can be produced during Operation time nothing but during three minutes is 300 database three minutes you could under pieces. So, we can inspect under pieces during the three underpinning this. Suppose in a given operating time, actual quantity produces 90 pieces, what would be the efficiency efficiency of V 90 they will be hundred it will be 90 percent performance factor, it is simple as that. So, the point we need to remember in this performance calculation is we are discounting the equalization factor out of eight hours or assuming that five hours we are not talking.

So, remaining three hours only working the given three hours, what is a standard quantity can be produced on how much actually produced that ratio will give you the efficiency factor Simple as that in conventional way of working we used to mix up the utilization as well as the performance factor in only calculation we are already factored in the utilization factor in utilization calculation. So, remaining time whatever is left over we are seeing whether operator perform is efficiency or not that is a difference between the conventional way of calculating the performance and under only environment calculating the performance hi understood this utilization calculation or performance calculation. Now we'll move on to simple calculation of quality performance factor.

Sign Up

Share

Share with friends, get 20% off
Invite your friends to LearnDesk learning marketplace. For each purchase they make, you get 20% off (upto $10) on your next purchase.