Title
PRODUCTIVITY REDEFINITION AN ALGEBRAIC MODEL: PRODUCTIVITY REDEFINITION FOR SOCIOECONOMIC DEVELOPMENT ORIENTED MANAGEMENT DEC,Used
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Product Description Productivity index is considered as a ratio of quamtum output per input. But in the current millennium, with many leaps and advances in the technocommercial infrastructure, Productivity has enlarged its scope and contribution. This is by its link to the Management decisions and its contribution to innovation and SocioEconomic Development (SED). Hence Productivity needs a redefinition to measure the quantum units and the associated management decisions with reference to SED. This should also cover intangible (Non quantifiable)factors in the Management decision process. Hence Productivity is redefined as the Ratio of SED output units, per input and output quantum and input and output management decision units. This keeps the quantum output per input unit as a peripheral guideline. Algebra is used as a mathematical base do derive and direct this redefinition and its utility. The Management feedback on this revision proves its practicality and broadbased use. About the Author A Professor in Management Science, with an accredited institution affiliated to Anna University in Tamil Nadu,India. MIS and SocioEconomic development acceleration consultant. Past Expert with CFTC London and Caribbean Development Bank, West Indies. Past associate with 5 Nobel Laureates in Economic Science.
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