Normative approach to six sigma project selection

Mahmood Al Kindi

doi:10.1109/SYSCON.2011.5929041

Normative approach to six sigma project selection

Mahmood Al Kindi^*

^*Corresponding author for this work

Mechanical and Industrial Engineering

Research output: Chapter in Book/Report/Conference proceeding › Conference 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 language	English
Title of host publication	2011 IEEE International Systems Conference, SysCon 2011 - Proceedings
Pages	189-193
Number of pages	5
DOIs	https://doi.org/10.1109/SYSCON.2011.5929041
Publication status	Published - 2011
Event	2011 5th IEEE International Systems Conference, SysCon 2011 - Montreal, QC, Canada Duration: Apr 4 2011 → Apr 7 2011

Publication series

Name	2011 IEEE International Systems Conference, SysCon 2011 - Proceedings

Other

Other	2011 5th IEEE International Systems Conference, SysCon 2011
Country/Territory	Canada
City	Montreal, QC
Period	4/4/11 → 4/7/11

Keywords

Expected Utility
Project Selection
Six Sigma

ASJC Scopus subject areas

Control and Systems Engineering
Electrical and Electronic Engineering

Access to Document

10.1109/SYSCON.2011.5929041

Cite this

Al Kindi, M 2011, Normative approach to six sigma project selection. in 2011 IEEE International Systems Conference, SysCon 2011 - Proceedings., 5929041, 2011 IEEE International Systems Conference, SysCon 2011 - Proceedings, pp. 189-193, 2011 5th IEEE International Systems Conference, SysCon 2011, Montreal, QC, Canada, 4/4/11. https://doi.org/10.1109/SYSCON.2011.5929041

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AB - 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.

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ER -

Normative approach to six sigma project selection

Abstract

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Keywords

ASJC Scopus subject areas

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