Power plant value efficiency
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Power plant value efficiency
calculation of created value in R&D department in a power plant
Value creation in a R&D department in a Powerplant
There are two analysts working in R&D department of A 500MW powerplant. They work on reports from the operation team and also they work on some hypothesis to make the system more beneficial. The most important study which they are working are on the following topics:
1- Power Plant efficiency
2- Environment effect and pollution
3- Chemical Process
They work 88 hours/week in total
They have produced 3 Docs A,B,C in the week
The salary is 2€/hour
Total salary cost =2€ * 2.66 = 5.,32 € / Hour
the total value of Docs will be calculated based on 20 € per hour of efficient work.
•Doc A needs 21 Man Hour
•Doc B needs 47 Man Hour
•Doc C needs 10 Man Hour
calculation
• time efficiency of the department:
• 78/88= 0.886 = 88.6%
•The value efficiency of the department :
•78H * 20€ = 1560€ Revenue
•88H * 5.32 € = 468.16 € of cost of the total week
•1560/468.16 = 3.33 value efficiency
•Added value :1560-468.16=1091.84 €/week
Result
Time Efficiency: 88.6%
value Efficiency: 3.33€
Added value: 1091.84€