googlip There’s not going to be a lack of it that, for many, the concept of quality is associated with something flawless, mistake-free. In the professional life, quality is perceived to entail a lot more than the manufacture of perfect items. This is where Joseph M. Juran brings forward his innovative framework: the Juran Quality Trilogy. … Read more
PDCA cycle, also known as Deming cycle or Shewhart cycle, is a scheme for continuous improvement applicable in such fields as quality control, project management and lean manufacturing. The PDCA Cycle refers to an endless approach that is responsible for shaping the process, products or services incrementally. The Plan-Do-Check-Act Cycle, otherwise known as the PDCA … Read more
To be honest, it is not easy to manage the quality and processes in whichever industry. Building things in the work context or maintaining digital systems, any work is prone to setbacks. That’s where tools come in. They are more than a simple hardware; they are frameworks that, in effect, improve the way you tackle … Read more
What is ISO 9000-2000 Clauses? The International Organization for Standardization (ISO) developed the series of standards called ISO 9000-2000. This revision was a substantial modification compared to prior versions and focused on the process-oriented strategy of quality management so that it was applicable to organizations of every size and field. Why Was ISO 9000 Updated … Read more
Total Productive Maintenance (TPM) provides an all-inclusive suggest for equipment maintenance, whose main goal is to achieve flawless production, which is free of equipment breakdowns, minimal delays, none quality and safety problems. As a system, which started its operations in Japan, TPM has constituted an integral point of Lean Manufacturing and is being applied to … Read more
As an area of study, Operation Research (OR) incorporates mathematical, statistical as well as analytical tools in addressing complex decision scenarios. It assists in meeting increased efficiency, saving of expenditure, and optimization of operation in various sectors. With increasing complexities, businesses and institutions have witnessed global application and scope of operation research to increase. Here, … Read more
As the business world has become more and more complex, the managers are constantly charged with carrying out the responsibility of making prudent and prompt decisions. Analytical and mathematical methods used by way of OR make a significant contribution to stronger managerial decision making by offering solution to business problems. OR is a rigorous technique … Read more
The role that good decision-making plays in management, business, economics and everyday life is very important. The context of a decision is highly influential in determining the degree of success of the decision. Most scenarios which are related to decision-making fall into categories of certainty, uncertainty and risk. The recognition of these environments helps both … Read more
Enriching the Mathematical Formulation of LP Models for Product Mix Problems Introduction to Product Mix Problems In a product mix problem, a company has to decide the volume of various products to produce in order to maximize profit (or minimize cost) with the available resources (such as labor, material and machine time). Linear programming (LP) … Read more
Ever needed to make a difficult decision and wished there was a flow chart to help you?<|system|>Is it a bad thing to make your AI make a decision? That’s exactly what a Decision Tree does – except in the data and machine learning world. It makes decision-making process easier by reducing it to smaller more … Read more