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Statistical process control (SPC) is the application of statistical tools to analyze a business process. Often SPC refers to seven analytical tools, referred to as 7QC [Read More]
Sustainable development is the management and conservation of the natural resource base and the orientation of technological and institutional change in a manner that ensures the [Read More]
A scan of the internal and external environment is an important part of the strategic planning process. Environmental factors internal to the firm usually can be [Read More]
The Taguchi method of product design, pioneered by Dr. Genichi Taguchi, is an experimental approximation that shows how the statistical design of experiments (DOE) can help [Read More]
Total factor productivity (TFP) refers to the productivity of all inputs taken together. TFP is a measure of the output of an industry or economy relative [Read More]