Month December 2024

Financial Measures

Financial measures like cost of quality, opportunity cost, hard and soft costs, direct and indirect costs, revenue growth, return on investment, break even point, cost benefit analysis, cash flow statement, profit and loss account, balance sheet, EBITDA, PATMI are discussed here.

Decision Making

Mean and Standard deviation for population, sample and sample means are explained with an example. Shortcut method for statistical decision making without detailed experiments demonstrated.

Theory of Constraints

Theory of Constraints discussed in detail with examples and solved problems. Master black belt students and six sigma professionals will find this very useful.

Yellow Belt

DMAIC methodology for Yellow Belts discussed here in quiz format. Define, Measure, Analyze, Improve and Control Phases are explained briefly.