Exact(4)
The walkouts, which started in August, resulted in 1 trillion won ($933m £586mm) of lost production for Hyundai.
We used length of stay to estimate lost production for hospitalized patients.
So far, however, research in this field is scarce and concentrates on the issue whether people take personal loss of income or lost production for society into account when valuing health states [ 9].
To calculate the cost for lost production for patients on sick leave the average monthly salary was obtained from Statistics Sweden [ 26].
Similar(56)
General Motors, for instance, lost production of 30,400 cars and trucks last month, a spokesman said, and has had about 8,000 workers idle at its St . Louisplant since April 7. American Motors has closed assembly lines at Milwaukee and Kenosha, Wis., and in Brampton, Ont., laying off 13,670 workers.
Indirect costs (lost production from job absenteeism) accounted for €70.1 million (24% of the €293 million) and included sick leave (€16.7 million), disability support and disability pensions (€48.2 million) and other indirect costs (€5.3 million).
It lost production in two major products for rare inherited diseases.
G.M. can recover as much as half of the lost profits by running its factories around the clock for months to make up for lost production.
"The cost of running policy too tight is not just what we don't produce this year, it's all the lost production and lost income for many years ahead," said J. W. Mason, an economist for the Roosevelt Institute, a left-leaning think tank.
In Toyota's case, its plants have tried to make up for lost production with extra shifts.
He said the Iwaki plant would be working at a faster pace over the next three months than initially planned to make up for lost production after the quake.
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