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Seminars

September 05, 2002

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I am giving seminars at Lawrence Technological University.  The seminars are part of Continuing Education Department.  For more information click on the LTU link.  The seminars are also advertised on the Engineering Catalog of Lawrence Technological University. 

Fall 2002

1- Statistical Process Control-II (SPC)

2- Six-Sigma

3- Production Part Approval Process (PPAP)

4- Process&Design Failure Mode and Effect Analysis (FMEA)

5- Measurement System Analysis-II (MSA)
 

 

Fall 2001

1- Introduction to Production Cost Analysis

2- Production Cost Analysis Applications

3- Advanced Production Cost Analysis

4- Economic Analysis Tools

5- Measurement System Analysis

 

1- INTRODUCTION TO PRODUCTION COST ANALYSIS
PROGRAM GOALS/ BENEFITS:

 

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To understand the basic financial concepts, particularly the time value of money.

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To develop an understanding of how and why certain manufacturing decisions are made based on financial issues.

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To foster a sense of where you might fit into the decision making process and why your input to the decision is important.

SUMMARY OF COURSE CONTENT:

bullet Basic concepts, terms, and graphics
bullet Factors and their use
bullet Nominal and effective interest rates and continuous compounding
bullet Use of multiple factors
bullet Present worth and capitalized cost evaluation
bullet Equivalent-uniform and annual-worth evaluation
bullet Rate of return computations for a single project
bullet Rate of return evaluation for multiple projects
bullet Benefit/Cost ratio evaluation

2- PRODUCTION COST ANALYSIS APPLICATIONS
PROGRAM GOALS/ BENEFITS:

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How to perform an analysis for the replacement or retention of currently owned assets.

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The understanding of bonds and the calculation of their expected rate of returns.

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The fundamental principles and techniques for allocating indirect costs to business units, product lines, and departments.

SUMMARY OF COURSE CONTENT:

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Replacement Analysis.

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Bonds.

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Inflation, cost estimation, and indirect cost allocation.

3- ADVANCED PRODUCTION COST ANALYSIS
PROGRAM GOALS/ BENEFITS:

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The essentials of depreciation schedules

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What formulas to use for computing taxable income, capital gains and losses, income tax amounts for individuals and corporate.

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To examine the fundamentals of an after-tax analysis.

SUMMARY OF COURSE CONTENT:

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Depreciation and depletion models.

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Basics of income taxes.

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After-tax economic analysis

4- ECONOMIC ANALYSIS TOOLS
PROGRAM GOALS/ BENEFITS:

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How to evaluate one or more alternatives by the break-even analysis method

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How to make the decision to fund one or more projects from several independent proposals.

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How to explore decision making under risks

SUMMARY OF COURSE CONTENT:

bullet Break-even Analysis and pay back period
bullet Capital rationing among the independent proposals
bullet Determining a minimum attractive rate of return
bullet Sensitivity analysis and expected value decision making under risk

5- MEASUREMENT SYSTEM ANALYSIS
PROGRAM GOALS/ BENEFITS:

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To present guidelines for selecting procedures to assess the quality of the measurement system.

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To explain the implementation guidelines for the measurement system techniques.

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To obtain information relative to the types of measurement variation associated with a measurement system when interacts with its environment. 

SUMMARY OF COURSE CONTENT:

bullet General measurement system guidelines
bullet Introduction purpose and terminology
bullet Statistical properties of the measurement system
bullet Standards
bullet General guidelines
bullet Selecting/Developing test procedures
bullet Procedures for assessing measurement systems
bullet Introduction
bullet Analysis of the measurement system
bullet Preparation of a measurement system study
bullet Variable measurement system study-guidelines
bullet Gage performance curve
bullet Attribute gage study

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