Normative approach to six sigma project selection

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

1 Citation (Scopus)

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 publication2011 IEEE International Systems Conference, SysCon 2011 - Proceedings
Pages189-193
Number of pages5
DOIs
Publication statusPublished - 2011
Event2011 5th IEEE International Systems Conference, SysCon 2011 - Montreal, QC, Canada
Duration: Apr 4 2011Apr 7 2011

Other

Other2011 5th IEEE International Systems Conference, SysCon 2011
CountryCanada
CityMontreal, QC
Period4/4/114/7/11

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Keywords

  • Expected Utility
  • Project Selection
  • Six Sigma

ASJC Scopus subject areas

  • Control and Systems Engineering
  • Electrical and Electronic Engineering

Cite this

Al Kindi, M. (2011). Normative approach to six sigma project selection. In 2011 IEEE International Systems Conference, SysCon 2011 - Proceedings (pp. 189-193). [5929041] https://doi.org/10.1109/SYSCON.2011.5929041