5. Select a business sector (e.g. retail, manufacturing, supply chain, banking, restaurant, etc.) with which you...
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5. Select a business sector (e.g. retail, manufacturing, supply chain, banking, restaurant, etc.) with which you are familiar. Identify a firm which you would consider an order winner in that sector and another firm which you would consider an order qualifier. Provide reasoning for your choice. (For example, in the retail clothing sector, GAP might be an order winner while Old Navy is an order qualifier). 6. [10 points]. Assume the weight specification for a product (in pounds) is 20.00 ± 0.25, and the Taguchi loss function is estimated to be L(x) = 500 (x - T)². a. Determine the estimated loss per part if the actual weight is 20.5 pounds. b. If the actual weight is 19.1 pounds, what is the estimated loss? 7. [10 points] A critical part has a manufacturing specification (in cm) of 0.200 ± 0.020. If the value of the quality characteristic exceeds 0.200 by the tolerance of 0.020 on either side, the product will require a repair of $15. a. Calculate the k value for Taguchi loss function. What is the Taguchi loss function for this part? b. Using the above Taguchi loss function, determine the estimated loss for when the actual part dimension is 0.198 cm. 5. Select a business sector (e.g. retail, manufacturing, supply chain, banking, restaurant, etc.) with which you are familiar. Identify a firm which you would consider an order winner in that sector and another firm which you would consider an order qualifier. Provide reasoning for your choice. (For example, in the retail clothing sector, GAP might be an order winner while Old Navy is an order qualifier). 6. [10 points]. Assume the weight specification for a product (in pounds) is 20.00 ± 0.25, and the Taguchi loss function is estimated to be L(x) = 500 (x - T)². a. Determine the estimated loss per part if the actual weight is 20.5 pounds. b. If the actual weight is 19.1 pounds, what is the estimated loss? 7. [10 points] A critical part has a manufacturing specification (in cm) of 0.200 ± 0.020. If the value of the quality characteristic exceeds 0.200 by the tolerance of 0.020 on either side, the product will require a repair of $15. a. Calculate the k value for Taguchi loss function. What is the Taguchi loss function for this part? b. Using the above Taguchi loss function, determine the estimated loss for when the actual part dimension is 0.198 cm.
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6 In the retail sector lets consider the following firms Order Winner Amazon Amazon is known for its ... View the full answer
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Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
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