how to get Maximum output ftom a set of resources . no spamming
Answers
A fixed or limited set of resources can maximize output basically through economies of scale or enhancing the productive capacity of the existing resources or factor inputs.
Explanation:
One of the main concerns of any firm or company is to maximize production level without expanding the level of resources or inputs/factors of production.This will generate higher revenue and higher profit by containing the overall cost of production.Now,if the firms/companies are able to enhance the productive capacity of its existing resources by putting an advanced technological equipment or machinery that can accelerate the work performance of the existing resources or input,it will consequently expand the production level in the factories without any or much increase in the overall cost.For example,hiring an advanced multipurpose machine in an office can serve the purpose of at least 10 employee which can save the firm or company the cost of hiring or employing those extra employee and simultaneously,generate higher production level.Hence,the firm can keep its existing staff and increase the output level remarkably.
Explanation:
Effective management of resources is an essential task for companies that are managing different projects. It is important for them to efficiently organize and allocate personal as well as equipment for different projects, same time avoiding idle resources. Having the information
about the availability of the resource and have them available at the right time for the activities plays a vital role in managing the costs and smoothly executing the project activities. The resource management area of ICoordinator™ has been developed in order to manage the resources optimally for the industries that are in project management.