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Suppose that a co-worker has been using Shewhart control charts to analyze a process but has only been using the upper and lower control limits to determine out-of-control conditions in the form of extreme points, without any consideration of the zone rules, runs and other statistical signals for the Xbar chart. When questioned about this, he responds that we only need to worry about the extreme points, since these are the ones that will indicate problems with lack of conformance of the parts to the specifications. How would you respond to his argument?
Picked Southwest Airlines for this week’s topic since I flew their ABQ to LAX route so many times over the past 4 years and really enjoyed my experience. Before I started researching this week’s topic, I was sure I would be writing about “Focused Cos..
Which of the following statements is/are true about time-series forecasting?
Porter writes about informal and formal fallacies. The goal of this discussion question is to review scenarios and identify one of the specific fallacies depicted. Analyze the scenario and in your response to the executive, point out the fallacy in o..
Dynamic Doors makes doorstops. They use 350 sheets of rubber per month which they put into a press to form the door stops. The rubber sheets are purchased at $1.80 per sheet and the annual cost to store a sheet is estimated to be 20% of the purchase ..
Activity Predecessor Duration A START 2 B A 7 C A 3 D B, C 6 E A 7 F E 2 G C, F 8 H D, G 7 What are the paths? What is the critical path? What is the near critical path? Which activities have float? How much?
You are the project manager for a large software development project. You have concerns that one of the components of the Iron Triangle is slipping. Your project sponsor, Jim Bob, is not familiar with the Iron Triangle, so you explain the concept to ..
Explain briefly how techniques described in this chapter could be used to improve operations. Be specific about which techniques could be used, how they could be used, and why you think those techniques would be helpful.
A snack food manufacturer buys corn for tortilla chips from two cooperatives, one in Iowa and one in Illinois. The price per unit of the Iowa corn is $5.75 and the price per unit of the Illinois corn is $6.25. Draw a diagram to show the flow of corn ..
Performance measures such as average response times
The manager would prefer ordering 10 times each month but would have to justify any change in order size. One possibility is to simplify order processing to reduce the ordering cost. What ordering cost would enable the manager to justify ordering ..
For this assignment, choose a brand name in a very competitive market. Analyze the brand versus its top 3 competitors and prepare a report on how they attempt to differentiate their product. Present the top three competitors and a brief analysis of t..
China Manufacturing Agents, Inc. is preparing a five-year plan. Today, sales are $1,000,000. If the growth rate in sales is projected to be 10 percent over the next five years, what will the dollar amount of sales be in year five? Dan and Jia are new..
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