To calculate the product yield:
\[PY = \frac{GP}{TP} \times 100\]
Where:
Product yield refers to the percentage of good products made out of the total number of products produced, including both good and bad ones. It is a key performance indicator in manufacturing and production environments, as it reflects the efficiency and quality of the production process.
Let's assume the following values:
Using the formula:
\[PY = \frac{950}{1000} \times 100 = 95\%\]
The Product Yield is 95%.
Let's assume the following values:
Using the formula:
\[PY = \frac{800}{1000} \times 100 = 80\%\]
The Product Yield is 80%.