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Medical Devices

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Factbook F-243161
Medical Devices Tier 3 Medical
Production33,720 t p.a.
Exports0 mg
Value per tonne✦45,480
Revenue✦1.53 bn
Value added✦1.43 bn
Surplus✦384 m
  • Per tonne:
  • Labour ✦23,960 (Sf 3.74)
  • Materials ✦2,775
  • Capital ✦6,960
  • Energy ✦400
  • Surplus ✦11,380

Whole chain per tonne: 410 labour hours, 9,692 kWh.

Formula

A.C. = w0LhSf Labour ✦23,960 Shadow wage w0 ✦16 an hour Γ— Lh 400 hours per tonne Γ— skill factor Sf 3.74 Sf for science: training ✦120,000 against ✦45,000, queue 60 hours against 48 + Ξ£ qiPirΞ»i Materials ✦2,775 Electronic Components: 50 kg Γ— $31,000/t Γ— r 1.5 Γ— border 0.99 Γ— Ξ» 1.00 = ✦2,301 Plastics: 400 kg Γ— $585/t Γ— r 1.5 Γ— border 0.96 Γ— Ξ» 1.00 = ✦335 Steel: 300 kg Γ— $332/t Γ— r 1.5 Γ— border 0.93 Γ— Ξ» 1.00 = ✦139 + (D + Mo)Ξ±e Capital ✦6,960 Depreciation and maintenance ✦4,800 per tonne Γ— financing 1.45 Γ— waste factor Ξ±e 1.00 Financing is interest at 6% on equipment's average value over a 15-year life. Ξ±e is 1.00 when maintenance hours and defects are on target. + Epe Energy ✦400 E 8,000 kWh per tonne Γ— pe ✦0.05 per kWh = ✦34,100

A.V. = rP*world Accounted value ✦45,480 per tonne World price $30,000 per tonne plus freight and insurance 1.07% = P* $30,330 Γ— r 1.5 crowns per US dollar Import parity: the price at the Commonwealth border for a good it could otherwise import. Observed abroad, not calculated: a wasteful producer raises only its own cost. = ✦45,480

Revenue = A.V. Γ— Q Accounted revenue ✦1.53 bn p.a. Domestic: 33,720 t Γ— ✦45,480 = ✦1.53 bn = ✦1.53 bn

Surplus = (A.V. βˆ’ A.C.) Γ— Q βˆ’ levies Accounted surplus ✦384 m p.a. Revenue ✦1.53 bn βˆ’ cost ✦34,100 Γ— 33,720 t = ✦384 m Distributed 40% to reinvestment, 20% to the municipal aggregate and 40% swept to the Treasury. = ✦384 m

Made here
Supplies or uses it
Inputs arriving
Output leaving

Made in

Barbados 50% Oslola 50%

Inputs

Electronic Components ✦77.6 m Plastics ✦11.3 m Steel ✦4.68 m

Output

Final domestic use ✦1.53 bn

Made from per tonne

Used in p.a.

  • Final domestic use 33,720 t ✦1.53 bn 100%