product.
Total revenue(총 수입): the price per unit times the quantity the firm sells.
Total costs(총 비용): the sum of all costs incurred in producing goods or services.
Production function(생산함수): a relationship that shows the quantity of output for any given amount of input
Marginal product of labor(노동의 한계생산물): the change in production due to a one-unit
2-1. Globalization of Steel Industry.
: Factors promoting globalization is first of all capital-intensive production methods and economies of scale is the fact that more and more relevant. Appearing in almost every industry worldwide, is one of the most noticeable change in the production of labor-intensive production methods from the increasingly capital-intensive production methods is that t
Based on the data we found on the annual report and detailed product report of the company, we found out that a person can assemble 13 big LCDs in a day if they work for 10 hours. Therefore, from 13/10 we get 1.3 LCD per hour, and in order to fix this into labor hours per assembly, we divided 1 with 1.3 and got 0.77.
Labor hours per testing: 0.5
Since Labor hours for testing was recor
1.1 Company Background
The Hyundai Engineering and Construction Company was first founded by Chung Ju-Yung. And the establishment of Hyundai Motor Company took place a couple of decades later in 1964. In the early phase of the company’s development, it relied heavily on skilled labor forces and technologies in other advanced countries for automobile production. Hyundai Motor Company (hereina
Make or Buy Decision
MAKE
Lowering costs
Facilitating specialized investments
Protecting proprietary product technology
Improving Scheduling
BUY
Strategic flexibility
Lower costs
offsets
The Strategic role evolves over time
Labor-intensive products
The design and the final assembly of products
Upward migration
in the strategic role
Improvement
in the capabiliti