Determine the estimated loss if quality characteristic

Assignment Help Operation Management
Reference no: EM131148850

Suppose that the specifications for a part (in inches) are 6.00 +- 0.15, and that the Taguchi loss function is estimated to be L(x) = 6.500 (x - T)^2. Determine the estimated loss if the quality characteristic under study takes on a value of 6.20 inches and 10 parts are produced.

Reference no: EM131148850

Questions Cloud

Development of the cognitive theory in psychology : What is the significance of the development of the cognitive theory in psychology
Quality characteristic has design specification : A quality characteristic has a design specification (in inches) of 0.200 +- 0.020. If the actual process value of the quality characteristic exceeds 0.200 by the tolerance of 0.020 on either side, the product will require a repair of $50. Develop the..
Account status-order confirmations and stock quotes : The service center for a brokerage company provides three functions to callers: account status, order confirmations, and stock quotes. The reliability was measured for each of these services over one month with these results: 90 percent, 70 percent a..
Find the operating cash flow for the year for robinson : Find the operating cash flow for the year for Robinson and Sons if they had sales revenue of $80,000,000, cost of goods sold of $35,000,000, sales and administrative costs of $6,400,000, depreciation expense of $7,600,000, and a tax rate of 30%.
Determine the estimated loss if quality characteristic : Suppose that the specifications for a part (in inches) are 6.00 +- 0.15, and that the Taguchi loss function is estimated to be L(x) = 6.500 (x - T)^2. Determine the estimated loss if the quality characteristic under study takes on a value of 6.20 inc..
Who have heartfelt religious convictions : Research indicates that people who have heartfelt religious convictions - are happier than people who are non-religious
Discuss the major positions being taken in the debate : Identify a current ethical controversy that you want to learn more about in business, media, technology, medicine, or bioethics. Write a three-page analysis on the major sides in the controversy.
What is the maximum authorized router inventory : Lou's Bakery has established that JIT should be used for chocolate chips due to the high probability of the kitchen heat melting the chips. The average demand is 130 cups of chocolate chips per week. What is the maximum authorized router inventory? H..
Find the operating cash flow for the year for harper brother : Find the operating cash flow for the year for Harper Brothers Incorporated if they had sales revenue of $300,000,000, cost of goods sold of $140,000,000, sales and administrative costs of $40,000,000, depreciation expense of $65,000,000, and a tax ra..

Reviews

Write a Review

Operation Management Questions & Answers

  Humankinds most important inventions

Management is undoubtedly one of humankind’s most important inventions". Do you agree with this statement? Why or why not?

  Use a strong matrix or pure project environment

Most projects completed using traditional project management are done in a weak matrix organization. Most projects completed in an agile project management framework use a strong matrix or pure project environment. Why is this so?

  Considering change in its current inventory system

A shoe company is considering a change in its current inventory system. The information regarding the shoes is as follows: What should be the reorder point to have a 95 percent service level?

  Explain how to minimize total prices

A total of 2,000 units of the product must be produced. Formulate an IP whose solution will tell us explain how to minimize total prices.

  Discuss how decision analysis could be used to solve

Select an organization you have worked for or any organization of interest and discuss how decision analysis could be used to solve a business problem.

  Apparent decline in the daily demand deposits

The Robin Hood bank has noticed an apparent decline in the daily demand deposits, the average daily demand deposit balance has been running at 109 million with an average range of 15 million over the past year. The demand deposits for the past six da..

  A manager wants to assign tasks

What is theefficiency A manager wants to assign tasks to workstations as efficiently

  What are the minimum number of servers required

customers per hour and an average service time of 18 minutes per customer. What are the minimum number of servers required to avoid an overloaded system?

  What are the benefits of using a time-based schedule

What are the benefits of using a time-based schedule. What are the variables that must be considered when developing a project schedule? Give a short explanation of how they impact the schedule development.

  Debate the main pros and cons of using private insurance

Compare and contrast at least two (2) areas of the economy that the new health care act impacts. Explain your rationale. Debate the main pros and cons of using private insurance versus using the new affordable health insurance system.

  Focus on working class women and corporate women in film

Focus on working class women and corporate women in film/television, the public sphere, and/or popular culture. Explore gender and culture—the intersection of race and class and the impact on women’s leadership style and/or ability.

  Describes the behavior of a two-card kanban system

managers can mitigate some of the effects of worker stress by judiciously using safety stocks and emphasizing material flows rather than worker pace.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd