Exact(1)
Taguchi, E.A. Elsayed, T. Hsiang, Quality Engineering in Production Systems, McGraw-Hill, New York, 1989) which estimates product quality (in economic terms) by the losses incurred when specified product characteristics depart from their nominal values.
Similar(59)
Crystal size estimation from in situ images has received attention recently as a means to estimate product properties in real-time.
Companies with only a single product can estimate product costs with a trivial system.
Initially, the system estimated product costs; subsequently, the company changed it to improve operational control.
Fortunately, the company developed completely new systems to estimate product costs and to evaluate product and product-line profitability.
Executives realized that none of the information in their elaborate reporting system could help them to estimate product costs.
Near-infrared (NIR) spectroscopy has been widely used to estimate product quality or other key variables.
Near-infrared (NIR) spectroscopy has been widely used to estimate product qualities.
Similarly, the heavy machinery company had a good, separate system for operational control, even though it could not estimate product costs well.
The activities needed to support business decision making – identifying product quality, estimating product cost, calculating financial metrics, and performing make buy analysis – are discussed.
In order to address these issues, we propose an original Mixed Integer Nonlinear Program (MINLP) to estimate product utilities as well as capturing seasonal effects.
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