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Example: candy bars . . Specification for sugar: 25 2 g Bar outside of specifications costs c = $0.60 Bars have = 25.5 g
Example: candy bars . . Specification for sugar: 25 2 g Bar outside of specifications costs c = $0.60 Bars have = 25.5 g and = 0.75 g Factory produces 20 000 bars per day What is the loss function? - Find k using USL, T, c If a bar has 26 g, what loss does it create? - Find L(x) using k, T, x What is the average loss per bar or per day? Find EL using k, T, , -
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Effective small business management An Entrepreneurial Approach
Authors: Norman M. Scarborough
10th Edition
132157462, 978-0132157469
