ITM 601 Lecture Notes - Lecture 3: Sample Size Determination, Acceptance Sampling, Supply Chain

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Assignment 1 will be posted today: based on learning curve and quality, due in week 5. Week 5 start new topic: very minimum of new topic will be in exam, review on midterm exam. Midterm: problems and conceptual, short answers and mcqs. Quiz on chapter 1 and 2 today. Learning curve table will be provided in midterm exam. Go over the learning curve excel file yourself at home. Problem 3: feasible in terms of budget and people. If the employee hours in any week are more than 40, this is not feasible. If you have complicated process, better to look into learning rate to make the process more effective and efficient. If you keep changing it, the learning rate decreases. Quality: quality terms, continuous improvement, kaizen, six sigma, certain framework behind how to obtain continuous improvement, means different things to different businesses, not just the end user, could be internal customer.

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