Normative approach to six sigma project selection

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

This paper introduces the notion of expected utility and how to implement it in Six Sigma. Moreover, it intends to bridge the gap between process variation and the economic impact in order to have a clear view of economical consequences. It is agreed that the key for the success of any manufacturing firm is to select the most profitable project. There is a significant awareness in the Six Sigma community of the need for a tool that incorporates uncertainties, is data driven, and takes into account all financial aspects. Having an outstanding process quality is not necessarily an economical objective.

Original languageEnglish
Title of host publication21st Annual International Symposium of the International Council on Systems Engineering, INCOSE 2011
Pages1140-1144
Number of pages5
Volume2
Publication statusPublished - 2011
Event21st Annual International Symposium of the International Council on Systems Engineering, INCOSE 2011 - Denver, CO, United States
Duration: Jun 20 2011Jun 23 2011

Other

Other21st Annual International Symposium of the International Council on Systems Engineering, INCOSE 2011
CountryUnited States
CityDenver, CO
Period6/20/116/23/11

Fingerprint

Economics
Six sigma
Uncertainty

Keywords

  • Expected utility
  • Project selection
  • Six sigma

ASJC Scopus subject areas

  • Hardware and Architecture
  • Information Systems
  • Control and Systems Engineering

Cite this

Kindi, M. A. (2011). Normative approach to six sigma project selection. In 21st Annual International Symposium of the International Council on Systems Engineering, INCOSE 2011 (Vol. 2, pp. 1140-1144)

Normative approach to six sigma project selection. / Kindi, Mahmood Al.

21st Annual International Symposium of the International Council on Systems Engineering, INCOSE 2011. Vol. 2 2011. p. 1140-1144.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Kindi, MA 2011, Normative approach to six sigma project selection. in 21st Annual International Symposium of the International Council on Systems Engineering, INCOSE 2011. vol. 2, pp. 1140-1144, 21st Annual International Symposium of the International Council on Systems Engineering, INCOSE 2011, Denver, CO, United States, 6/20/11.
Kindi MA. Normative approach to six sigma project selection. In 21st Annual International Symposium of the International Council on Systems Engineering, INCOSE 2011. Vol. 2. 2011. p. 1140-1144
Kindi, Mahmood Al. / Normative approach to six sigma project selection. 21st Annual International Symposium of the International Council on Systems Engineering, INCOSE 2011. Vol. 2 2011. pp. 1140-1144
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