Monday, May 25, 2020

Statistical Process Control Essay - 1168 Words

Statistical process control (SPC) is the application of statistical methods to the monitoring and control of a process to ensure that it operates at its full potential to produce conforming product. Under SPC, a process behaves predictably to produce as much conforming product as possible with the least possible waste. While SPC has been applied most frequently to controlling manufacturing lines, it applies equally well to any process with a measurable output. Key tools in SPC are control charts, a focus on continuous improvement and designed experiments. Much of the power of SPC lies in the ability to examine a process and the sources of variation in that process using tools that give weight to objective analysis over subjective opinions†¦show more content†¦While Dr. Shewhart drew from pure mathematical statistical theories, he understood that data from physical processes seldom produces a normal distribution curve (a Gaussian distribution, also commonly referred to as a bell curve). He discovered that observed variation in manufacturing data did not always behave the same way as data in nature (for example, Brownian motion of particles). Dr. Shewhart concluded that while every process displays variation, some processes display controlled variation that is natural to the process (common causes of variation), while others display uncontrolled variation that is not present in the process causal system at all times (special causes of variation).[3] In 1989, the Software Engineering Institute introduced the notion that SPC can be usefully applied to non-manufacturing processes, such as software engineering processes, in the Capability Maturity Model (CMM). This idea exists today within the Level 4 and Level 5 practices of the Capability Maturity Model Integration (CMMI). This notion that SPC is a useful tool when applied to non-repetitive, knowledge-intensive processes such as engineering processes has encountered much skepticism, and remains controversial today. Importance StatisticalShow MoreRelatedIntroduction And History Of Statistical Process Control1700 Words   |  7 PagesIntroduction and History of Statistical Process Control Statistical Process Control (SPC) is a method of controlling the quality of a manufacturing process and is most often affiliated with control charts. However, SPC in reality is a group of tools and includes additional statistical and evaluation/measurement methods. Smith, Megahed, Jones†Farmer and Clark defined seven basic tools of SPC including; histograms, check sheets, Pareto charts, cause-and-effect diagrams, defect concentration diagramsRead MoreUtility of Quality Control Tools and Statistical Process Control to Improve the Productivity and Quality in an Industry2972 Words   |  12 PagesUTILITY OF QUALITY CONTROL TOOLS AND STATISTICAL PROCESS CONTROL TO IMPROVE THE PRODUCTIVITY AND QUALITY IN AN INDUSTRY RALLABANDI SRINIVASU 1 G. SATYANARAYANA REDDY 2 SRIKANTH REDDY RIKKULA 3 1. Professor Director in St. Mary’s Group of Institutions, Hyderabad, India. 2. Professor HOD-MBA in CMR College of Information Technology, Hyderabad, India 3. Associate Professor, MCA Dept. St.Mary’s College of Engg. Technology, HyderabadRead MoreManual vs. Automated Statistical Process Control: Food Industries998 Words   |  4 Pagesinconsistent results of statistical process control routinely faced by Quality Control Managers. Product weight readings were taken from the manufacturing floor, entered into an Excel spreadsheet and analyzed. The results produced no predictable under or over filling trend despite the fact that the same people used the same scales at the same time of day. The problem is simple and fundamental. Human error is an inevitable part of the process of collecting statistical data. This is consistentlyRead MoreStatistical Process Control Charts2420 Words   |  10 Pages1 Introduction A control chart was invented in the early of 1920’s by Walter A. Shewart in the Bell Telephone Laboratories. In 1928 he was introduced the first Statistical Process Control Charts in the Bell Laboratories to improve the quality of telephones manufactured, he was developed a simple graphical method for the growing range of statistical process control charts (Montgomery,2010). Quality of a product or services is defined as â€Å"its fitness for the use† for which it has been made. Many characteristicsRead MoreOps 571 Statistical Process Control927 Words   |  4 Pagespainting process by installing a new sprayer?† These questions are meant to investigate and apply different techniques that we can use to improve the quality of life. Quality control not only applies to manufacturing techniques, it can also be applied to everyday life. This discussion will focus on a specific method of quality control called statistical process control that will ensure my morning process is effective. One method of quality control can be pursued through process control proceduresRead MoreDescription Of Spc ( Statistical Process Control )2144 Words   |  9 PagesAbstract: SPC (statistical process control) is an important tool to solve the manufacturing problem and the most modernized effective scheme to obtain process durability and fostering the process pertinence decreasing the variability. In manufacturing system, products do not run up against the proper province of quality permanently with the customer desire. This impermanency appears due to various productions of variations like machines, operators, materials, etc. The main purpose of control chart is toRead MoreStatistical Process Control of Activities in Daily Routine1337 Words   |  5 PagesStatistical Process Control Of Activities In Daily Routine Table of Contents 1. Analysis of the Problem 2. Application of Statistical Process Control and Solving the Problem (a) Statistical Process Control: X-bar Charts (b) Weekly Morning Time Utilization Chart 3. Observations from the chart 4. Conclusion 5. Solution 6. Effect of Seasonal Factors 7. Seasonal Factors 8. Usefulness of Confidence Intervals 9. References 1. Analysis of the Problem This paper is on process controlRead MoreQuality And Quality Of Quality Control1172 Words   |  5 Pages Quality Control Quality control (QC) is a set of procedures to ensure that a manufactured product adheres to the requirements of the client or customer. Inspectors collect data which is analysed for defective units which must be repaired or rejected and poor service repeated at no charge until the customer is satisfied. Advantages: Quality Control encourages quality consciousness among the workers in the factory which is greatly helpful in achieving high level of quality in the manufacturedRead MoreSeattle Concrete Case1627 Words   |  7 Pagesof their process to ensure that the control limits and capabilities are within reason, and to ensure that the addition of a second shift isn’t causing issues to their process. To accomplish this, a data set was constructed. Ten bags were tested every hour during each of the two separate eight hour shifts. This continued for five days to give us 800 observations, 400 from each shift. The samples provided were analyzed for management using statistical process control methods, control charts forRead MoreMaclean Fogg Company Design Analysis963 Words   |  4 Pagesindustries such as automotive, heavy truck etc., Founded in 1925 by John Maclean Sr., who started his own business in locking fasteners, today Maclean-Fogg with various manufacturing facilities, quality assurance methodologies, innovative product and process development techniques and with an annual sale of over $1 billion grown into a global enterprise. It is mainly comprised of 2 businesses i.e., Maclean Power Systems (MPS) and Maclean-Fogg Component Solutions (MFCS). With quality as main priority and

Thursday, May 14, 2020

Good Will Hunting And Sean Mcguire Essay - 1703 Words

Self-Disclosure: Finding the Good in Will Hunting’s Self-Concept The focus of this study will revolve around the relationship between Will Hunting and Sean McGuire, characters in the critically acclaimed film Good Will Hunting (See Appendix for a summary). In researching the film and different perspectives of interpersonal communication there could be many arguments made to social classification, how one associates and assumes roles within their particular group such as language, perception, stereotyping, etc. Except, upon further examination, the risky strategy taken by a therapist exposing themselves personally to a client in hopes of reciprocal outcome made the relationship between McGuire and Hunting appealing for study. However, its use clinically has many detractors as â€Å"[t]herapist disclosure has been viewed as the first step to violating boundaries in therapy that could lead to harming the client† (Audet 2). Conversely, the reasoning for this report is to look at the effects of the method of communication itself rather than the professional dynamic of the relationship. The analysis researches the communication approach Maguire took to building an intimate confidence with the defensive and defiant 20-year-old genius. Sean uses a series of self-disclosure stories to help build credibility, trust and ultimately a dyadic effect to promote a positive breakthrough of Will’s self-concept away from his troubled past. Before delving into the argument, it isShow MoreRelatedWill Hunting s Abuse As A Child1715 Words   |  7 PagesWill Hunting s abuse as a child has left permanent damage on the boy genius, physical and mental. He has a contempt for authority that borderlines on psychopathic-we see this shown time and time again throughout the movie, first with Will assaulting a police officer after jumping the former schoolyard bully on a basketball court and again when Will is given a chance at redeeming himself by MIT professor Gerald Lambeau. Mr. Hunting also has trouble forming and maintaining significant and sincereRead MoreEssay on Good Will Hunting2845 Words   |  12 PagesThis paper will discuss the relationship between Will Hunting and the psychologist Sean Mcguire in the movie Good Will Hunting. The struggles that occur between these main characters will be analyzed and their meanings found. A basic outline of the movie will be included to give the larger picture and its influence upon t he two men. An Analysis of the Movie Good Will Hunting and the Main Characters Will Hunting and Sean Mcguire Outline: 1. Description of the Movie a. Setting of the movie Read More The Relationship Between Will and the Psychologist in Good Will Hunting2842 Words   |  12 Pages This paper will discuss the relationship between Will Hunting and the psychologist Sean Mcguire in the movie Good Will Hunting. The struggles that occur between these main characters will be analyzed and their meanings found. A basic outline of the movie will be included to give the larger picture and its influence upon the two men. An Analysis of the Movie ?Good Will Hunting? and the Main Characters Will Hunting and Sean Mcguire Outline: 1. Description of the Movie a. Setting of theRead MoreGood Will Hunting and Bell Hooks Keeping Close to Home Essay1017 Words   |  5 Pagespicture Good Will Hunting and an essay by an author Bell Hooks entitled Keeping Close to Home: Class and Education. Both of these accounts tell of a struggle that the protagonist character in the story had to deal with. Each of these charters comes from similar backgrounds but one deals with emotional conflict while the other character deals with the problem of economic classification. In either way each of these selections both deal with the struggles of an higher education. In Good Will HuntingRead MoreGood Will Hunting Analysis1921 Words   |  8 PagesArt often represents the challenges overcome by individuals as they search for life meaning. Gus Van Sant’s Good Will Hunting, released on12 March 1998, follows the story of protagonist Will Hunting, played by Matt Damon, who has Attachment Disorder. Abused as a child, he has trouble developing meaningful and appropriate relationships with adults and women. F. Scott Fitzgerald’s â€Å"The Great Gatsby†, published on 10 April 1925, is a story told by the involved narrator Nick Carraway, who was once Jay

Wednesday, May 6, 2020

The Imf ( International Monetary Fund ) - 941 Words

The IMF (International Monetary Fund), also known as the Fund, was conceived at a UN conference in Bretton Woods, New Hampshire, United States, in July 1944. The 44 countries at that conference sought to build a framework for economic cooperation to avoid a repetition of the competitive devaluations that had contributed to the Great Depression of the 1930s (https://www.imf.org/external/about.htm). Currently, the organization is headquartered in Washington, D. C. Originally, the IMF was designed to promote economic cooperation internationally and provide short term loans to member countries for the benefit of trade. During the 1980’s, many countries were experiencing a crisis of debt. During this time, The IMF has taken on the role of bailing out countries with loans that have certain conditions attached. These loans are usually referenced as Structural Adjustment Policies (SAPs). In order for a country to get a loan, the policies of the IMF must be followed. Therefore, monetary values can be dictated on education, healthcare, and the environment. In 2010, the country of Greece experienced one of the worst financial crises in modern history. During this time, The IMF wanted to be involved with the financial support package that Greece (and other countries in the Eurozone) would receive. That same year, French President Nikolas Sarkozy stated â€Å"I will never allow the IMF in Europe† (http://www.reuters.com/investigates/special-report/imf-greece/). Despite this remark,Show MoreRelatedInternational Monetary Fund ( Imf )2266 Words   |  10 PagesAims/Purpose International Monetary Fund (IMF) aims to maintain and defeat and sometimes to restrain the financial crises. (BBC, 2012) Basically it was created to avoid another Great Depression with an economical cooperation. It was founded more than 60 years ago at the end of the II World War. (International Monetary Fund, 2015) Mostly the institution has directed to focus the developing world. Nowadays there are few purposes of the IMF such as monetary stability, exchange rate stability, facilitateRead MoreThe International Monetary Fund ( Imf )985 Words   |  4 PagesThe International Monetary Fund (IMF) was one of the many international organizations that emerged after the end of World War II. The primary function of the IMF is to promote the international financial stability and spur monetary cooperation. Many countries see the IMF as a â€Å"lender of last resort† (Thacker, 1999:38), meaning countries borrow money from the Fund for â€Å"short-term balance of payment supportâ⠂¬  (Steinwand and Stone, 2007:11) in order to avert the collapse of their domestic economies.Read MoreThe International Monetary Fund ( Imf )1089 Words   |  5 PagesThe International Monetary Fund (IMF) was established in 1946, along with the World Bank. The IMF was developed to promote all monetary cooperation and remedy economic problems incurred during the post - war reconstruction period (Baylis; 2008: 245). The IMF was therefore considered as the â€Å"rule keeper† and an important component in public international management. In the pursuit to stabilise the exchange rate system, the IMF reserves the authority to change exchange rates. Another vital role isRead MoreInternational Monetary Fund ( Imf )3071 Words   |  13 PagesGLOBAL BUSINESS SUSTAINABILITY INTRODUCTION International Monetary Fund (IMF) is an organization consisting of 188 nations functioning towards global monetary cooperation, ensuring financial stability, minimizing poverty around the world (IMF, 2014). In this report its functions of IMF and its effectiveness have been explained to describe minimizing financial imbalances by the countries. UK has been the main focus in this study. The impact of IMF policies on social and environment in UK and howRead MoreThe International Monetary Fund ( Imf ) Essay2250 Words   |  9 PagesIntroduction: The International Monetary Fund (IMF) is an international organization created in 1945 to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and to reduce poverty around the world. The IMF is governed and accountable to the 189 countries that make up the global membership of the organization. These goals make up the IMFs formal rules, the informal rules allow more access for powerfulRead MoreThe International Monetary Fund ( Imf )1310 Words   |  6 Pagesat how incompetent and politically driven economic policy making drove Europe into prolonged recession and high unemployment. The financial crises and fear of a meltdown slowed world economic growth considerably. In October 2010, the International Monetary Fund (IMF) projected 4.6 percent growth for the global economy in 2013; it ended up being just 3 percent. This difference may not seem like much, but in terms of lost output it is more than $800 billion, and it is not only in the rich countriesRead MoreThe International Monetary Fund ( Imf )1501 Words   |  7 PagesTHE INTERNATIONAL MONETARY FUND (IMF) The IMF was set up during the Second World War in the year 1944. It started operation in 1947 and it has been working with the UNO since. Its headquarters is in Washington D.C in America. IMF provides short term loans to countries having problems of balance of payments. It also provides technical advice to its members and ensures free flow of trade by removing all trade restrictions. It establishes and maintains stable exchange rate between member countriesRead MoreThe International Monetary Fund ( Imf )6431 Words   |  26 PagesIntroduction In the statement of the 2015 Article IV Consultation Mission to China, the International Monetary Fund (IMF) concluded that the Chinese economy was transitioning to a safer and higher-quality growth. In particular, the IMF highlighted that China had made good progress in recent years in reducing its large current account surpluses and its huge accumulation of foreign exchange reserves. Although undervaluation of the yuan was a major factor causing the large imbalances in the past, theRead More The International Monetary Fund (IMF) Essay1888 Words   |  8 PagesThe International Monetary Fund (IMF) International Monetary Fund (IMF), international economic organization whose purpose is to promote international monetary cooperation to facilitate the expansion of international trade. The IMF operates as a United Nations specialized agency and is a permanent forum for consideration of issues of international payments, in which member nations are encouraged to maintain an orderly pattern of exchange rates and to avoid restrictive exchange practices.Read MoreEssay on The International Monetary Fund (IMF)2392 Words   |  10 Pages The International Monetary Fund, is an international organization established in 1945 as part of the United Nation system. Its creation was conceived at Bretton woods, to â€Å"†¦regulate the rates at which currencies were exchanged among member countries; and it would help ensure international stability by making loans at times of crisis in member countries’ balance of payments.† Since its creation, the IMF have gain enormous power in the international community, specially influencing the

Tuesday, May 5, 2020

Effects Of A Change In Price Of Coffee †MyAssignmenthelp.com

Question: Discuss about the Effects Of A Change In Price Of Coffee. Answer: Introduction The indifference curve can be defined as the curve showing all the combinations of two commodities, which give the same level of utility or satisfaction to the consumer, in a two-commodity economy. The budget line, on the other hand, shows the consumers ability to buy different combinations of two commodities. The equilibrium occurs at the point, where the indifference curve of a consumer touches his budget line. In this essay, using this approach the effects of a change in price of coffee, on the quantity demanded of coffee and pastries, by a particular consumer, is tried to be analyzed, assuming that both the commodities are normal goods (Rader, 2014). Effects of increase in the price of coffee In the given problem, it is assumed that the consumer spends his entire income on the consumption of coffee and pastries, both of which are normal goods, which mean with the increase in price the demand for these commodities decrease and vice versa. When there is a considerable increase in the price of coffee, the effect of the increase in price on the quantity demanded of both the goods can be divided into two parts, the income effect and the substitution effect (Rios, McConnell Brue, 2013). The income effect shows the change in consumption of the consumer due to an increase in the price of a commodity, which decreases the purchasing power of the consumer. On the other hand the substitution effect shows the change in the consumption of the commodities that happens due to the change in the relative prices of the two commodities following the hike in the price of one commodity. In the concerned case, coffee being a normal commodity, with the increase in the price of coffee, the relative price of coffee also increases and the overall purchasing power of the consumer also decreases, the effects of which are shown as follows: Figure 1: Effects of increase in the price of coffee (Source: As created by the author) As can be seen from the above diagram, the initial equilibrium of the consumer is at E0, with the indifference curve Ic1 being tangent on the budget line AB0. With the considerable increase in price of coffee, price of pastries remaining unchanged, the budget line rotates to AB1. With the help of the compensated budget line (the dotted line), it can be seen that, assuming that the purchasing power of the consumer is kept at the initial level, with the increase in the price of coffee, the demand for coffee declines from Qc to Qc (Hall Lieberman, 2012). This is the substitution effect, which is negative as coffee is a normal good. Now, given the original income showing a lesser purchasing power, the equilibrium shifts to E2, with the new IC being Ic1 and the quantity of coffee decreasing further to Qc. This is the negative income effect. Thus, the entire price effect shows the decrease in demand for coffee from Qc to Qc. The change in the demand for pastries, however, depends on the m agnitude of the change in purchasing power and the income and substitution effects. It may decrease, remain the same or may even increase to a little extent if the demand for coffee is substantially decreased (Dixon et al., 2012). References Dixon, P. B., Bowles, S., Kendrick, D., Taylor, L., Roberts, M. (2012).Notes andproblems in microeconomic theory (Vol. 15). Elsevier. Hall, R. E., Lieberman, M. (2012). Microeconomics: Principles and applications. Cengage Learning. Rader, T. (2014). Theory of microeconomics. Academic Press. Rios, M. C., McConnell, C. R., Brue, S. L. (2013). Economics: Principles, problems, and policies. McGraw-Hill.