Question
In: Statistics and Probability
Select one (1) project from your working or educational environment that you would apply the DOE...
- Select one (1) project from your working or educational environment that you would apply the DOE technique for the work process. Next, analyze the overall manner in which you would utilize DOE to manage and improve the work process of the project in question. Provide a rationale for your response.
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Expert Solution
solution:
DOE or the Design of Experiments is a systematic approach of problem-solving in the workplace while performing any projects or business activities. This method includes the following steps so as to complete a project effectively comparative, screening charaterization, modeling and optimization.
Consider a project of the launching of a new product in the market. For this project there are various risks associated which an be reduced through the implementation of the DOE.
comparative: The other products in the market similar to the product going to launch has to be analyzed. Market researched can be conducted for the purpose of the comparing the products and to promote the product effectively.
screening characterization: Proper screening of the factors, attributes and other elements of the business environment has to be done.
Modeling: Strategic models have to be developed so as to execute the process effectively.
Optimization: The models have to be implemented effectively based on the priority of the business activity.
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