Term Project
Total Points: 5
Due date: 05/01/2018
Select an experiment of your choice. Complete following steps of the guidelines for designing experiments given in Section 1.4 of the book:
1. Recognition of and statement of the problem
2. Selection of the response variable
3. Choice of factors, levels, and range
4. Choice of experimental design
5. Performing the experiment
6. Statistical analysis of data
7. Conclusions and recommendations
Finally, prepare a comprehensive report documenting all the 7 steps listed above. Submit your report in the word document format on the Blackboard.
Solution
:
Here is the following scenario:
"An experimenter from the process engineering group comes to you and says: “We are manufacturing impellers that are used in a jet turbine engine. To achieve the claimed performance objectives, we must produce parts with blade profiles that closely match the engineering design requirements. I want to study the effect of different tool vendors and machine set-up parameters on the dimensional variability of the parts produced on the machines in our CNC-machine center.”
Now, we will perform the first three phases of the experiment design process:
Recognition and Statement of the problem
Objective : For machined titanium forgings, quantify the effects of tool vendor; shifts in a-axis, xaxis, y-axis, and z-axis; spindle speed; fixture height; feed rate; and spindle position on the average and variability in blade profile for class X impellers,
Response Variables
It is also known as response Variables
Choice of factors, levels and Range
Choice of Experimental design
A design is selected based on the experimental objective and the number of factors.
Experimental design objectives:
Experimental design objectives are listed here:
1. Comparative objective
2. Screening objective
3. Response surface objective
4. Optimizing responses when factors are proportions of a mixture objective
5. Optimal fitting of a regression model objective
Following is the summary table for choosing an experimental design for comparative, screening, and response surface designs:
No. Of factors
Comparative objective
Screening objective
Response surface objective
1
1-factor completely randomized design
-
-
2 - 4
Randomized block design
Full or fractional factorial
Central composite orBox-Behnken
5 or more
Randomized block design
Fractional factorial orPlackett-Burman
Screen first to reduce number of factors
Statistical analysis of data
Now moving to statistical analysis of data, first we will collect quantitative data, once we collected Qualitative data then we will have a lot of numbers for statistical analysis of the data. Therefore, now we will sort out some statistical analysis.
There is a many possible techniques that we may use:
The most common techniques used for summarizing is using graphs, specially bar charts, which show every single data point in order, or histograms,.
Term ProjectTotal Points 5Due date 05012018Select an e.docx
1. Term Project
Total Points: 5
Due date: 05/01/2018
Select an experiment of your choice. Complete following steps
of the guidelines for designing experiments given in Section 1.4
of the book:
1. Recognition of and statement of the problem
2. Selection of the response variable
3. Choice of factors, levels, and range
4. Choice of experimental design
5. Performing the experiment
6. Statistical analysis of data
7. Conclusions and recommendations
Finally, prepare a comprehensive report documenting all the 7
steps listed above. Submit your report in the word document
format on the Blackboard.
Solution
:
Here is the following scenario:
2. "An experimenter from the process engineering group comes to
you and says: “We are manufacturing impellers that are used in
a jet turbine engine. To achieve the claimed performance
objectives, we must produce parts with blade profiles that
closely match the engineering design requirements. I want to
study the effect of different tool vendors and machine set-up
parameters on the dimensional variability of the parts produced
on the machines in our CNC-machine center.”
Now, we will perform the first three phases of the experiment
design process:
Recognition and Statement of the problem
Objective : For machined titanium forgings, quantify the effects
of tool vendor; shifts in a-axis, xaxis, y-axis, and z-axis;
spindle speed; fixture height; feed rate; and spindle position on
the average and variability in blade profile for class X
impellers,
3. Response Variables
It is also known as response Variables
Choice of factors, levels and Range
Choice of Experimental design
A design is selected based on the experimental objective and the
number of factors.
Experimental design objectives:
Experimental design objectives are listed here:
4. 1. Comparative objective
2. Screening objective
3. Response surface objective
4. Optimizing responses when factors are proportions of a
mixture objective
5. Optimal fitting of a regression model objective
Following is the summary table for choosing an experimental
design for comparative, screening, and response surface
designs:
No. Of factors
Comparative objective
Screening objective
Response surface objective
1
1-factor completely randomized design
-
-
2 - 4
Randomized block design
5. Full or fractional factorial
Central composite orBox-Behnken
5 or more
Randomized block design
Fractional factorial orPlackett-Burman
Screen first to reduce number of factors
Statistical analysis of data
Now moving to statistical analysis of data, first we will collect
quantitative data, once we collected Qualitative data then we
will have a lot of numbers for statistical analysis of the data.
Therefore, now we will sort out some statistical analysis.
There is a many possible techniques that we may use:
6. The most common techniques used for summarizing is using
graphs, specially bar charts, which show every single data point
in order, or histograms, which are bar charts grouped into
broader categories.
For example, use three sets of data, grouped by four categories.
This might, for example, be men, women, and ‘no gender
specified, grouped by age categories 20–29, 30–39, 40–49 and
50–59.
Histogram is a line chart and it plots each data point and also
joins them with a line. This is same data as we use in the bar
chart are displayed in a line graph below:
Here is a pie chart, we can also display grouped data, such as
this one:
7. We also calculate statistics by applying following formulas:
1- Mean
2- Standard deviation
3- Regression
4- Sample Size Deamination
5- Hypothesis Testing
Conclusion and Recommendations
In this venture, we concentrated on basic question of
experimental outline/design and the related analytical
methodologies like choice of the response variable, Choice of
components, levels, and range and Statistical examination of
information that can be utilized to draw biologic designs. The
above case has generally drawn on singular investigations in
which data sets have been examined. Besides, any of these
techniques can be connected more particularly to bigger
accumulations of information than those in singular
examinations.
1
8. Developing Effective Social Media Policies
LAW/531 Version 13
1
University of Phoenix Material
Developing Effective Social Media Policies
Social media has provided many marketing, recruiting, and
customer service advantages for businesses; however, there are
risks as well as benefits with using social media. With the
ability for posts and videos to go “viral” within minutes, it is
imperative that businesses carefully manage their social media
presence.
Likewise, individual employees’ social media activity can
reflect on their employers, even when done from their personal
accounts outside of the workplace.[footnoteRef:1] Some
employers routinely search for prospective job candidate’s
social media accounts when making hiring decisions, which can
also create unintended legal issues. For these reasons, having
clear and well-defined social media policies is a modern must-
have for any employee handbook. Creating these policies
involves many areas of business leadership, including
9. management, human resources, business development, IT
personnel and legal advisors, and all should be consulted when
developing such policies. [1: Graef, Aileen. “Woman who
claims she was fired for flipping off Trump motorcade sues
former employer”.
https://www.cnn.com/2018/04/04/politics/woman-flipped-off-
trump-sues/index.html. Accessed April 6, 2018. Notably, the
company maintains that she was not fired for making the
gesture, but rather for violating the company’s social media
policy by posting the photo to her social media account. ]
Thinking of worst-case scenarios in advance can be helpful.
For example, imagine that an employee posts a video of him or
herself verbally berating a fast-food worker (outside of work
hours) on YouTube™ or Instagram™. Although they don’t
identify him or herself as an employee of your company, their
identity quickly becomes known once the video goes viral.
Social media users start urging the boycott of your company
until the offending employee is fired. Do your social media
policies clearly set forth what should happen to the employee
and the grounds for taking such action?
Social media policies should cover three key areas. First,
management of the company’s own social media accounts such
10. as who may post content on behalf of the company and the
vetting or approval process for content. Second, define the
company’s policies for employee use of social media—not just
during work hours or using company equipment—including
outside of work on the employee’s personal time. Lastly, how
does the company use social media when making hiring
decisions, and how does it monitor social media activity by
employees? Key considerations for each of these issues are
addressed below.
Policies for Company Social Media Accounts
· Designate one or more employees or managers who can post to
company accounts and who have final review and approval
authority over content proposed by other employees or
departments. The designated individuals should have a good
understanding of the company’s branding, image, marketing
strategy, and intellectual property rights. If those individuals
will be handling customer service issues, complaints, and
various other things, they should be properly trained regarding
the use of a positive and professional tone in all responses.
· In addition to protecting your company’s own intellectual
property rights, it is also important to make sure that company
social media posts or website content does not infringe upon or
violate the rights of others. For example, other images taken
11. from the internet should never be re-posted to your company
page(s) without verifying who owns the copyright to that image
and obtaining their written consent. Your legal counsel should
also provide guidance regarding the use of other company
names and trademarks within your social media posts, or
website content, and when it is permissible to do so.
Policies for Employee Use of Social Media
· With regard to online activity during work hours or using
company-owned computers or cell phones, employers have more
discretion to prohibit, limit, or monitor employee use of social
media. Inform employees that they should not have an
expectation of privacy when using company equipment. You
should consider the nature of the business and the impact on
employee morale and productivity when developing your policy.
· Provide a clear statement that any misuse of social media by
employees can be grounds for discipline, including termination.
This should take into account your state’s privacy laws (if any)
concerning employee social media accounts and be based on
advice from legal counsel.
· Distinguish between business and personal use (on-the-job and
12. off-the-job conduct).
· Instruct employees to avoid posting anything that could be
considered defamation, obscenity, harassment, discrimination,
or disclosure of company trade secrets or confidential
information. Confidential and proprietary information may
include information regarding trademarks, sales, finances, the
number of employees or their identities, company strategy, the
development of systems, processes, products, knowledge,
technology, and any other information that has not been
publicly released.
· Employees should understand that if they choose to identify
themselves as affiliated with your company (through a website
like LinkedIn™), their profile and related content should be
consistent with how they wish to present themselves to
colleagues and clients as well as the company’s overall image
and reputation. However, employees should be advised not use
the company name or logo in their usernames or profile photo
unless they are authorized to speak for or represent the company
officially.
Limitations
· Be careful; certain information and content may be protected
under other state or federal laws, such as protected complaints
14. Total Points: 5
Due date: July 31, 2019
In this project, you have to explore various publicly traded U.S.
companies and come up with a company that you believe will be
the best investment idea for 2019 and beyond. For your chosen
company, you will develop a detailed report explaining your
reasoning behind why you believe investing in that particular
company will be most profitable. Your report should focus on
the following aspects and others that you believe are important:
· Brief investment thesis
· Economic moat - A durable competitive advantage that is
difficult to copy by the competitors
· Company valuation
· Risks
· Quality of the management
· Future growth prospects
Term Project
Total Points: 5
Due date: 07/31/2019
Select an experiment of your choice. Complete the following
steps of the guidelines for designing experiments given in
15. Section 1.4 of the book:
1. Recognition of and statement of the problem
2. Selection of the response variable
3. Choice of factors, levels, and range
4. Choice of experimental design
5. Performing the experiment
6. Statistical analysis of data
7. Conclusions and recommendations
Finally, prepare a comprehensive report documenting all the 7
steps listed above. Submit your report in the word document
format on the Blackboard.