September 8, 2020 Business Statistics Lecture Slide This is the lecture note I have developed for fall 2020 business statistics. I will develop the next half as my course progresses. The…
August 13, 2020 What could go wrong with a product design? This is what happens when you do not respect the voice of your customers. This illustration can also be used in the project management…
July 21, 2020 Data, Histogram, Distribution, and Probability This set of video explains the following ideas: Video 1: How do you get a distribution from a bunch of numbers? Video 2: What…
July 8, 2020 From Factory to Market: Distribution Problem (Linear Programming Approach) This exercise introduces an important topic in the operations and supply chain management – distribution problem. Essentially, it deals with a problem where you…
July 8, 2020 Service Level, Fill Rate, and Newsvendor Model Service level is the frequency of the stockout, while the fill rate means the proportion of demands satisfied. Newsvendor model determines the desired service…
July 8, 2020 Inventory Simulation Using Excel Solver (linear programming approach) This technique offers an Excel solver solution on the previous inventory simulation problem I posted. This exercise can serve as a bridging topic between…
July 8, 2020 Inventory Simulation (newsvendor) In this modeling exercise, you are asked to determine an inventory level that would minimize the grand total cost for a two-hundred-month planning period….
June 30, 2020 Research Article Collection for Quality Management Class Shah, R., Ball, G. P., & Netessine, S. (2017). Plant operations and product recalls in the automotive industry: An empirical investigation. Management Science, 63(8), 2439-2459. (https://doi.org/10.1287/mnsc.2016.2456)…