Following the Office of Management and Budget’s (OMB) Statistical Policy Directive 14‚ the Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who is in poverty. If a family’s total income is less than the family’s threshold‚ then that family and every individual in it is considered in poverty. The official poverty thresholds do not vary geographically‚ but they are updated for inflation using Consumer Price Index (CPI-U). The official poverty definition
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income in an economy increases‚ and the income distribution does not change‚ absolute poverty will decline. Measuring poverty by an absolute threshold has the advantage of applying the same standard across different locations and time periods‚ it makes comparisons easier. On the other hand‚ it suffers from the disadvantage that any absolute poverty threshold is to some extent arbitrary; the amount of wealth required for survival is not the same in all places and time periods. For example‚ a person
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Statistical process control (SPC) is the application of statistical methods to the monitoring and control of a process to ensure that it operates at its full potential to produce conforming product. Under SPC‚ a process behaves predictably to produce as much conforming product as possible with the least possible waste. While SPC has been applied most frequently to controlling manufacturing lines‚ it applies equally well to any process with a measurable output. Key tools in SPC are control charts
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disciplined‚ data-driven approach and methodology for eliminating defects in any process from product to service and from manufacturing to transactional (2009). There are six key concepts to Six Sigma and they are: critical to quality‚ defect‚ process capability‚ variation‚ stable operations‚ and design for six sigma (2009). The first key concept can help improve Burger King’s performance focuses on the attributes most important to the customers which is being served quality food with fast and friendly
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5 Quality And Performance PowerPoint Slides by Jeff Heyl Copyright © 2010 Pearson Education‚ Inc. Publishing as Prentice Hall. For Operations Management‚ 9e by Krajewski/Ritzman/Malhotra © 2010 Pearson Education 5–1 Costs of Quality A failure to satisfy a customer is considered a defect Prevention costs Appraisal costs Internal failure costs External failure costs Ethics and quality Copyright © 2010 Pearson Education‚ Inc. Publishing as Prentice Hall. 5–2 Total Quality Management
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out the causes and solutions of poverty‚ we must understand what poverty is. Poverty occurs when a person’s basic needs for food‚ clothing‚ and shelter are not met. Poverty is measured by the government in what they call a poverty “threshold”. This poverty “threshold” is based on family size and income falling below the poverty line established by the government. Now that we know what poverty is‚ what are the causes? Causes of poverty are situational or generational. Situational includes loss of
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Process Capability Assessment Control Charts for Individual Measurements Cumulative-Sum control charts Control Charts for Large Sample . . Statistical Process Control - Part II IE 330‚ Spring 2013‚ Instructor: Yu-Ching Lee March 14‚ 2013 1 / 127 Process Capability Assessment Control Charts for Individual Measurements Cumulative-Sum control charts Control Charts for Large Sample Use of the histogram Process Capability Indices Statistical Assignment of Tolerances Loss
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2. Explain how control charts are used to monitor a process‚ and the concepts that underlie their use 3. Use and interpret control charts 4. Perform run tests to check for nonrandomness in process output 5. Assess process capability * What is Quality Control? 6. A process that evaluates output relative to a standard and takes corrective action when output doesn’t meet standards * If results are acceptable no further action is required * Unacceptable
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unique resources (assets and capabilities) and competitive advantage is acquired by accumulating those strategic assets. Resources are any tangible (e.g. equipment‚ raw material) or intangible (e.g. firm image‚ processes‚ routines) things that a company owns and can use to carry out its crucial processes. Capabilities‚ are dynamic of a “doing” nature. Capabilities are “the ability of make use of resources to perform some task or activity”‚ for example Kodak’s capability in imagining application.
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“Poverty is a term used loosely to describe individuals who are extremely poor. The US Census Bureau creates poverty thresholds-the dollar amounts used to determine poverty status-for counting the number of people in poverty. Poverty thresholds are based on the size of family and ages of family members” (as cited in Kandris‚ 2013‚ p. 1). In (Indianapolis‚ IN) Marion County 1 out of 5 adults are living in poverty. For a family of 4‚ that means an annual income of $23‚500 or less. The poverty rate
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