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Product Quality Uncertainty
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Book Synopsis An Economic Theorist's Book of Tales by : George A. Akerlof
Download or read book An Economic Theorist's Book of Tales written by George A. Akerlof and published by Cambridge University Press. This book was released on 1984-10-26 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of essays exploring the consequences of making non-standard economic assumptions. Breaking away from traditional economic theory, they cover a wide range of microeconomic and macroeconomic fields as well as anthropology, psychology and sociology.
Book Synopsis Uncertainty and Quality in Science for Policy by : S.O. Funtowicz
Download or read book Uncertainty and Quality in Science for Policy written by S.O. Funtowicz and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains the notational system NUSAP (Numeral, Unit, Spread, Assessment, Pedigree) and applies it to several examples from the environmental sciences. The authors are now making further extensions of NUSAP, including an algorithm for the propagation of quality-grades through models used in risk and safety studies. They are also developing the concept of `Post-normal Science', in which quality assurance of information requires the participation of `extended peer-communities' lying outside the traditional expertise.
Book Synopsis Readings in the Economics of Contract Law by : Victor P. Goldberg
Download or read book Readings in the Economics of Contract Law written by Victor P. Goldberg and published by Cambridge University Press. This book was released on 1989 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection brings together some of the main contributions to an important area of this work, the economics of contract law.
Book Synopsis Building Models for Marketing Decisions by : Peter S.H. Leeflang
Download or read book Building Models for Marketing Decisions written by Peter S.H. Leeflang and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 642 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about marketing models and the process of model building. Our primary focus is on models that can be used by managers to support marketing decisions. It has long been known that simple models usually outperform judgments in predicting outcomes in a wide variety of contexts. For example, models of judgments tend to provide better forecasts of the outcomes than the judgments themselves (because the model eliminates the noise in judgments). And since judgments never fully reflect the complexities of the many forces that influence outcomes, it is easy to see why models of actual outcomes should be very attractive to (marketing) decision makers. Thus, appropriately constructed models can provide insights about structural relations between marketing variables. Since models explicate the relations, both the process of model building and the model that ultimately results can improve the quality of marketing decisions. Managers often use rules of thumb for decisions. For example, a brand manager will have defined a specific set of alternative brands as the competitive set within a product category. Usually this set is based on perceived similarities in brand characteristics, advertising messages, etc. If a new marketing initiative occurs for one of the other brands, the brand manager will have a strong inclination to react. The reaction is partly based on the manager's desire to maintain some competitive parity in the mar keting variables.
Book Synopsis Cellular Manufacturing by : John X. Wang
Download or read book Cellular Manufacturing written by John X. Wang and published by CRC Press. This book was released on 2015-01-14 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today's business world, competitiveness defines the industrial leading edge. Organizations and businesses of all sizes are adopting Lean manufacturing practices to increase efficiency and address worries about their bottom lines. In a detailed review of this staple of Lean manufacturing, Cellular Manufacturing: Mitigating Risk and Uncertainty ou
Book Synopsis Risk, Uncertainty and Profit by : Frank H. Knight
Download or read book Risk, Uncertainty and Profit written by Frank H. Knight and published by Cosimo, Inc.. This book was released on 2006-11-01 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.
Book Synopsis The Uncertainty Mindset by : Vaughn Tan
Download or read book The Uncertainty Mindset written by Vaughn Tan and published by Columbia University Press. This book was released on 2020-07-28 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovation is how businesses stay ahead of the competition and adapt to market conditions that change in unpredictable and uncertain ways. In the first decade of the twenty-first century, high-end cuisine underwent a profound transformation. Once an industry that prioritized consistency and reliability, it turned into one where constant change was a competitive necessity. A top restaurant’s reputation and success have become so closely bound up with its ability to innovate that a new organizational form, the culinary research and development team, has emerged. The best of these R&D teams continually expand the frontiers of food—they invent a constant stream of new dishes, new cooking processes and methods, and even new ways of experiencing food. How do they achieve this nonstop novelty? And what can culinary research and development teach us about how organizations innovate? Vaughn Tan opens up the black box of elite culinary R&D to provide essential insights. Drawing on years of unprecedented access to the best and most influential culinary R&D teams in the world, he reveals how they exemplify what he calls the uncertainty mindset. Such a mindset intentionally incorporates uncertainty into organization design rather than simply trying to reduce risk. It changes how organizations hire, set goals, and motivate team members and leads organizations to work in highly unconventional ways. A revelatory look at the R&D kitchen, The Uncertainty Mindset upends conventional wisdom about how to organize for innovation and offers practical insights for businesses trying to become innovative and adaptable.
Book Synopsis Uncertainty Advantage by : Gary S. Lynch
Download or read book Uncertainty Advantage written by Gary S. Lynch and published by Archway Publishing. This book was released on 2017-01-12 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk and uncertainty may sound scary, but todays best business leaders are navigating both to gain strategic advantage over competitorsand you can, too. This guide for business leaders examines risk and opportunity through the lens of some of the worlds most respected visionaries, including Howard Schultz, Andy Grove, Peter Huntsman, John Krafcik, Peter Leibinger, Doug Hepper, and many more. These visionaries looked beyond financial performance to see opportunitiesand they did so by understanding uncertainty. Then, they decisively acted to create measurable results that coincided with the future they envisioned. Find out how they did it, and learn how to: identify, define, and convert uncertainty into value; become more opportunistic when facing uncertainty; develop the skill to spot where advantages are likely to emerge; and create an environment where managers and leaders complement each other. Filled with case studies on companies such as Hyundai, Starbucks, Roche, and Intel, this guide delivers proven ways to create value and leverage uncertainty. It is the culmination of a decade of research and interaction with dozens of companies and growth leaders who prove that pursuing a market driven strategy to navigating uncertainty will gain measurable market advantage.
Book Synopsis Export Product Quality, Renewable Energy, and Sustainable Production by : Umer Shahzad
Download or read book Export Product Quality, Renewable Energy, and Sustainable Production written by Umer Shahzad and published by Frontiers Media SA. This book was released on 2023-09-12 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic development has long been acknowledged for its beneficial effects on human well-being. In the context of economic globalization and vertical specialization, increasing the quality of export products is more critical and necessary to export success and sustainable development. The product's quality is inextricably linked to its manufacture and production, which need various types of energy and raw materials. Meanwhile, the adoption of more environmentally friendly and cleaner energy sources contributes to the achievement of sustainable production. Therefore, product quality may provide a new perspective from which to investigate the systematic relationship between greener and renewable energy sources, sustainable production and environmental regulations, as well as the nature of export competitiveness. Generally, export product quality has referred to the quality of manufactured products within the product lines. Quality refers to the relative price of a country's varieties within their respective product lines. Product sophistication assesses the composition of the aggregate exports. Different varieties of same product as per quality level are being produced by several developing and emerging economies. Within any given product line, quality converges both conditionally and unconditionally to the world's benchmark; increases in institutional quality and human capital are associated with faster quality upgrading. In turn, faster growth in quality is associated with more rapid output growth.
Book Synopsis Essential Readings in Economics by : Saul Estrin
Download or read book Essential Readings in Economics written by Saul Estrin and published by Bloomsbury Publishing. This book was released on 1995-05-24 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intellectual advances in economics often come from debates that have been long forgotten but which offer context, depth and clarity to contemporary study. Essential Readings in Economics makes available in a single volume some of the seminal papers in the areas of microeconomics and macroeconomics for intermediate courses in economic principles. The readings are organised in two groups: Microeconomics and Macroeconomics. Part 1 looks at topics ranging from 'The Theory of Demand' and 'The Firm and Supply' to 'The Economics of Uncertainty and Information'. In Part 2 the wide ranging debates over the last 55 years are illustrated with contributions from Keynes, Friedman, Phillips and other leading Economists. This vigorous and accessible collection of readings is intended to supplement and extend the understanding students could obtain from conventional introductory textbooks.
Book Synopsis Proactive Risk Management by : Guy M. Merritt
Download or read book Proactive Risk Management written by Guy M. Merritt and published by CRC Press. This book was released on 2020-10-28 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Listed as one of the 30 Best Business Books of 2002 by Executive Book Summaries. Proactive Risk Management's unique approach provides a model of risk that is scalable to any size project or program and easily deployable into any product development or project management life cycle. It offers methods for identifying drivers (causes) of risks so you can manage root causes rather than the symptoms of risks. Providing you with an appropriate quantification of the key factors of a risk allows you to prioritize those risks without introducing errors that render the numbers meaningless. This book stands apart from much of the literature on project risk management in its practical, easy-to-use, fact-based approach to managing all of the risks associated with a project. The depth of actual how-to information and techniques provided here is not available anywhere else.
Book Synopsis Robust Design Methodology for Reliability by : Bo Bergman
Download or read book Robust Design Methodology for Reliability written by Bo Bergman and published by John Wiley & Sons. This book was released on 2009-08-18 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on deep theoretical as well as practical experience in Reliability and Quality Sciences, Robust Design Methodology for Reliability constructively addresses practical reliability problems. It offers a comprehensive design theory for reliability, utilizing robust design methodology and six sigma frameworks. In particular, the relation between un-reliability and variation and uncertainty is explored and reliability improvement measures in early product development stages are suggested. Many companies today utilise design for Six Sigma (DfSS) for strategic improvement of the design process, but often without explicitly describing the reliability perspective; this book explains how reliability design can relate to and work with DfSS and illustrates this with real–world problems. The contributors advocate designing for robustness, i.e. insensitivity to variation in the early stages of product design development. Methods for rational treatment of uncertainties in model assumptions are also presented. This book promotes a new approach to reliability thinking that addresses the design process and proneness to failure in the design phase via sensitivity to variation and uncertainty; includes contributions from both academics and industry practitioners with a broad scope of expertise, including quality science, mathematical statistics and reliability engineering; takes the innovative approach of promoting the study of variation and uncertainty as a basis for reliability work; includes case studies and illustrative examples that translate the theory into practice. Robust Design Methodology for Reliability provides a starting point for new thinking in practical reliability improvement work that will appeal to advanced designers and reliability specialists in academia and industry including fatigue engineers, product development and process/ quality professionals, especially those interested in and/ or using the DfSS framework.
Book Synopsis Constructing Quality by : Jens Beckert
Download or read book Constructing Quality written by Jens Beckert and published by Oxford University Press, USA. This book was released on 2013-06-13 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores how value and quality are established in markets and society by means of a series of empirical studies across a diverse set of topics. It contributes to the sociology of markets, as well as connecting to the larger issue of the constitution of social order through classification.
Book Synopsis The Uncertainty of Measurements by : Shri Krishna Kimothi
Download or read book The Uncertainty of Measurements written by Shri Krishna Kimothi and published by Quality Press. This book was released on 2001-11-01 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: The uncertainty of measurement results is drawing attention of managers, metrologists and customers. The accuracy of measurements affects all of us in trade, commerce, safety, health care environmental protection and more. The quality of these measurements are regulated by a variety of government agencies. Measurement also plays an important role in manufacturing and service organizations. Use this book to learn more about metrology and the need for reliable measurements. You can also learn about measurement system and quality of measurement systems, objectives and methods. Statistical techniques in metrology are also explained. Examples of measurement data and random variables, probability density functions, sampling distribution, statistical estimation degrees of freedom and regression are included. An entire chapter is devoted to measurement errors. The book goes in-depth into explaining national and international measurement systems and standards, and includes a complete chapter on calibration and measurement trace ability. Measurement Uncertainty will show how to evaluate various uncertainties in measurements using several approaches including international consensus. Calibration laboratories can look specifically at the chapter on that profession to guide them in their measurement improvements. Kimothi also looks at specific industries and their measurement capabilities and includes examples of R&R studies. A great resource for the CQE, CQT, CCT, CSSBB certification exams!
Book Synopsis Progressive Manufacturing by : Soli J. Engineer
Download or read book Progressive Manufacturing written by Soli J. Engineer and published by J. Ross Publishing. This book was released on 2005-02-15 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past few decades, manufacturers have beensearching for solutions to their inventory, delivery,cost, and quality woes. Few organizations have madeserious inroads with the methods of the moment and thewoes linger on. This book provides innovative and elegantsolutions to these and other perennial problems faced byorganizations. ......
Book Synopsis Understanding Uncertainty by : Dennis V. Lindley
Download or read book Understanding Uncertainty written by Dennis V. Lindley and published by John Wiley & Sons. This book was released on 2006-08-28 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: A lively and informal introduction to the role of uncertainty and probability in people's lives from an everyday perspective From television game shows and gambling techniques to weather forecasting and the financial markets, virtually every aspect of modern life involves situations in which the outcomes are uncertain and of varying qualities. But as noted statistician Dennis Lindley writes in this distinctive text, "We want you to face up to uncertainty, not hide it away under false concepts, but to understand it and, moreover, to use the recent discoveries so that you can act in the face of uncertainty more sensibly than would have been possible without the skill." Accessibly written at an elementary level, this outstanding text examines uncertainty in various everyday situations and introduces readers to three rules--craftily laid out in the book--that prove uncertainty can be handled with as much confidence as ordinary logic. Combining a concept of utility with probability, the book insightfully demonstrates how uncertainty can be measured and used in everyday life, especially in decision-making and science. With a focus on understanding and using probability calculations, Understanding Uncertainty demystifies probability and: * Explains in straightforward detail the logic of uncertainty, its truths, and its falsehoods * Explores what has been learned in the twentieth century about uncertainty * Provides a logical, sensible method for acting in the face of uncertainty * Presents vignettes of great discoveries made in the twentieth century * Shows readers how to discern if another person--whether a lawyer, politician, scientist, or journalist--is talking sense, posing the right questions, or obtaining sound answers Requiring only a basic understanding of mathematical concepts and operations, Understanding Uncertainty is useful as a text for all students who have probability or statistics as part of their course, even at the most introductory level.
Book Synopsis Uncertainty Modelling and Quality Control for Spatial Data by : Shi Wenzhong
Download or read book Uncertainty Modelling and Quality Control for Spatial Data written by Shi Wenzhong and published by CRC Press. This book was released on 2015-11-04 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offers New Insight on Uncertainty ModellingFocused on major research relative to spatial information, Uncertainty Modelling and Quality Control for Spatial Data introduces methods for managing uncertainties-such as data of questionable quality-in geographic information science (GIS) applications. By using original research, current advancement, and