@RISK 5.0 and Six Sigma
A key application of @RISK is Six Sigma and quality analysis. Industries ranging from engine manufacturing to precious metals to airlines and consumer goods are using @RISK every day to improve their processes, enhance the quality of their products and services, and save money.
Whether it’s in DMAIC, Design for Six Sigma (DFSS), Lean projects, Design of Experiments (DOE), or other areas, uncertainty and variability lie at the core of any Six Sigma analysis. @RISK uses Monte Carlo simulation to identify, measure, and root out the causes of variability in your production and service processes and designs.
New @RISK 5.0 allows you to define Upper and Lower Specification Limits and Target values for each output, and comes complete with a wide range of Six Sigma statistics and capability metrics on those outputs, like Cpk, Cp, Cpm, and much more. These metrics can be placed directly in your spreadsheet model, or appear in the @RISK Results Summary window. Output graphs show markers for LSL, USL, and Target values. The Industrial edition of @RISK adds RISKOptimizer to your Six Sigma analyses for optimization of project selection, resource allocation, and more.
This webcast will review how @RISK can be used in DMAIC and DFSS applications. You will see how to define Six Sigma properties and generate Six Sigma reports through a variety of examples.