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Process Capability Indexes
A ball bearing design for wheel assemblies used in giant mining dump trucks requires the inner diameter to have a lower specification unit (LSL) of 60.24 cm and an upper specification unit (USL) of 60.38 cm. A simple random sample of 210 finished ball bearings, which were produced by an approximately normally distributed process, shows the sample average of 60.29 cm and sample standard deviation of 0.02 cm. Use 3 decimals in the following calculations. (a) Give an equation for the process capability index Cp, calculate and interpret it. (b) Give an equation for the upper one-sided index Cpu, calculate and interpret it. (c) Give an equation for the lower one-sided index Cpl, calculate and interpret it. (d) Give an equation for the process capability index Cpk, calculate and interpret it. (e) Among the above 4 indexes, which one is the most closely watched? Why?
How do each of the projects below improve supply chain? Outsource the machining and assembly of parts to regional machine shops. Continue in-house assembly lines for final assembly. Develop focus factories or work cells to streamline the production p..
The Supreme Court ruled in Obergefell v Hodges (14-556, 576 U.S.___, June 26, 2015) that the same-sex couples cannot be denied the right to marry in any state. While this settles the issue of benefit equality for all legally-married couples, companie..
What is the strategic role of Takt time, and how is it implemented by the cost management analyst? What is the Takt time for this product?
Andrea Fontaine is establishing an investment portfolio that will include stock and bond funds. She has $720,000 to invest, and she does not want the portfolio to include more than 65% stocks. The average annual return for the stock fund she plans to..
A general medium-term operating plan is referred to as the aggregate plan. Discuss the methodology used in developing an aggregate plan and why it is needed.
Prepare your recommendation for Bushwood if their objective is to minimize costs. Assume that service times for each option follow exponential distributions.
Wells Fargo Bank employs four loan officers, each working eight hours per day. Each officer processes an average of 4.0 loans per day. Each loan officer has a different salary, but the total payroll for the four loan officers combined is $533 per day..
Give an example that demonstrates the trade-off inherent in projects among cost, time, and performance. Instructions: Refer to Characteristics of Projects in the text. Use an actual example from your own experience or construct a hypothetical example
In the following profit payoff table for a decision problem with two states of nature and three decision alternatives, the probabilities for s1 and s2 are: p(s1)=0.8 and p (s2)= 0.2 State of Nature Decision Alternatives s1 s2 d1 15 10 d2 10 12 d3 8 2..
You had a bad day at work and decided to express your feelings about it on your blog. Among other things, you mentioned that you believe your boss is dishonest and might be stealing from the company because she keeps buying expensive jewelry for hers..
A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier charges $20 per stone, annual carrying costs are 50%, and the cost of processing orders is $40.
Tolerances for a new drug call for weights of between 32 and 33 grams. The drug is made using a process with a mean of 32.6 grams, with a population standard deviation of 0.22 grams. The process population is normally distributed. what proportion wil..
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