OM (with OM Online, 1 term (6 months) Printed Access Card)
6th Edition
ISBN: 9781305664791
Author: David Alan Collier, James R. Evans
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 5, Problem 2PA
Summary Introduction
Interpretation: The economic loss function if x=6.05 inches is to be determined.
Concept Introduction:
The loss function introduced by Mr. T, states that the quality gets definitely impacted whenever the cost is reduced but as the cost increases the quality automatically increased. This function also states that
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
6. Outline a risk management approach to quality issues.
HW 5 Q6
Solidtronic Incorporated an original equipment manufacturer (OEM), has a product specification of 71 ± 5 (i.e., T [the target value] = 71). The cost for warranty services (when the quality characteristic, x. is either 66 or 76) is estimated as $600 per unit.
What is the value of k, the cost coefficient in the Taguchi quality loss function (QLF) for this situation?
Book pdf : https://drive.google.com/file/d/1ojDaUwQu0gxTIn7oJnINvLmeqv5_FMz7/view?usp=drivesdk
Question as in the attached photo from page 218 Question 5
Note: Give full explanation with clear indication to the problem’s aspect. Use information provided in table 7.8 , 7.7
(*) Use the weighted-point evaluation system to cal- culate weighted performance scores for each of the software firms. Would the results change if each dimension had a weight of one-third?
(**) In Chapter 2, we described order qualifiers as per- formance dimensions on which customers demand a minimum level of performance. Basically, if a supplier fails to meet the minimum requirements on any of the qualifiers, that supplier would be eliminated from contention. How would you incorporate the concept of order qualifiers into the weighted-point evaluation system?
Chapter 5 Solutions
OM (with OM Online, 1 term (6 months) Printed Access Card)
Knowledge Booster
Similar questions
- 6. A blueprint specification for the thickness of a refrigerator part at Cool Food, Inc. is 0.06 + 0.04 centimeters (cm). It costs $45 to scrap a part that is outside the specifications. Determine the Taguchi loss function for this situation.arrow_forwardQ43 Oslo Company's target quality characteristic, T, for one of its key components is set at 88. Using the Taguchi quality loss function (QLF) the company has determined the cost coefficient, k, to be $6,300. What is the estimated loss, L(x), if the value of the quality characteristic, x, is 91? Multiple Choice $4,200. $56,700. $7,200. $20,700. $45,200.arrow_forward1. There are two approaches to the implementation of ERM, namely the measurement driven approach and the process-control approach. What is the focus of the measurement driven approach in implementing ERM? 2. Write a small paragraph on the concept of maximum foreseeable loss (MFL) and its significance in risk management. Question 2 1. Distinguish between the.'Maximin', 'Maximax·• and the 'Minimax regret' decision strategy. 2. Determining the size or quantum of a possible loss provides a backdrop against which efforts to manage the risk can be measured .Highlight the measures used to enhance the description of possible loss more accuratelyarrow_forward
- find mean and sd . Outcome Probability 1 0.2 2 0.5 3 0.2 4 0.1arrow_forwardWhat is the Mean absolute percent error (MAPE)?arrow_forward10. Define specifications: Statement understood by buyers and suppliers of the required quality of products, including allowable limits of tolerance. Which type of specifications would a manager use if they wanted to purchase: A specific product brand (i.e. "Tony's Pizza): A new dishwasher with the capability to wash 7,000 dishes per hour: A tilting skillet:arrow_forward
- Month # MachineHours (X) MaintenanceCosts (Y) Jan 3,000 $440 Feb 4,500 $690 Mar 8,000 $510 Apr 7,000 $600 May 6,000 $550 Jun 9,000 $980 Jul 3,500 $840 Aug 5,500 $600 What does the slope represent? the rate at which the X variable changes as a result of the Y variable the rate at which the Y variable changes as a result of the X variable the rate at which the independent variable changes as a result of changes in the dependent variable the rate at which the dependent variable changes as a result of the fixed cost componentarrow_forwardIV. The following data represent the number of dishes that are broken at a restaurant while loading and unloading the dishwasher. The total number of dishes washed varies daily. Construct a p chart for these data. What can you conclude about the situation? Do you have any recommendations? Total Number of dishes washed 465 425 500 Day Number of broken Day Total Number of dishes Number of broken dishes 51 42 washed 465 dishes 39 1 13 14 425 500 500 41 15 16 55 51 4 500 53 47 425 425 425 44 17 18 19 425 425 425 38 44 41 39 41 465 47 20 465 48 500 500 425 465 56 43 46 21 465 500 500 42 10 22 23 47 51 11 12 49 24 465 36arrow_forwardFlextronchip, an OEM manufacturer, has a fifth-generation chip for cell phones, with chip specification of 0.2 ± 0.0002 mm for the distance between two adjacent pins. The loss due to a defective chip has been estimated as $20. Required: 1. Compute the value of k, the cost coefficient in the Taguchi quality loss function (QLF), L(x) = K(x- T)2. 2. Assume that the quality control manager takes a sample of 100 chips from the production process. The results are as follows: Measurement Frequency 0.1996 4 0.1997 7 0.1998 12 0.1999 11 0.2000 40 0.2001 10 0.2002 8 0.2003 5 0.2004 3 a. & b. Use the appropriate Taguchi quality loss function, L(x), to calculate the estimated quality loss for each of the observed measurements. Additionally, calculate the expected (i.e., average) loss per unit for the production process as a whole. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the value of k, the cost coefficient in the Taguchi quality loss…arrow_forward
- How would you define high quality?arrow_forwardCase study Training at Hailey’s Construction Shobana, Hailey’s Construction, Sales Manager, read the memo she has just received from Kavelan , the Training Manager, and said to herself,” No way! I’m not going to let Kavelan get away with this. Last month, hhe insisted that 15 of the salespeople spend three days on a course on Quality Control conducted by a trainer. I had my hesitations, but I sent them anyway. On their return, they grumbled constantly about what a bore it was and how their time had been wasted because the content was totally irrelevant to their jobs. Now Kavelan wants another 10 participants. Well, he can just find them somewhere else!” Question 2 Elaborate what should the Training Manager do to ensure that the managers of every department willingly send their staff for the training programmes. include example alsoarrow_forwardCase Study Training at Hailey’s Construction Shobana, Hailey’s Construction, Sales Manager, read the memo she has just received from Kavelan , the Training Manager, and said to herself,” No way! I’m not going to let Kavelan get away with this. Last month, hhe insisted that 15 of the salespeople spend three days on a course on Quality Control conducted by a trainer. I had my hesitations, but I sent them anyway. On their return, they grumbled constantly about what a bore it was and how their time had been wasted because the content was totally irrelevant to their jobs. Now Kavelan wants another 10 participants. Well, he can just find them somewhere else!” Question 1 Describe the mistakes Hailey’s Construction Training Manager madearrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,
Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.