Euro Watch Presentation3 Team 6 Pmba 34 Case Ss

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Euro Watch Presentation3 Team 6 Pmba 34 Case Ss

  1. 1. The EuroWatch Company Where timing is everything Team 6 Watch Production Analysis February 16, 2006 Quantative Business Analysis
  2. 2. EuroWatch Company <ul><li>Production Capabilities </li></ul><ul><li>- Two lines running independently </li></ul><ul><li>- Production = 500 watches per hour </li></ul><ul><li>- Line 1 = older and less reliable with a 2% defect rate </li></ul><ul><li>- Line 2 = newer and more reliable with a 1% defect rate </li></ul><ul><li>The task at hand </li></ul><ul><li>- Analyze production lines for efficiency </li></ul>Where Timing is Everything Team 6 Page 2
  3. 3. EuroWatch Company <ul><li>Task #1 </li></ul><ul><ul><li>To determine the number of defect free watches produced by each line in a given hour </li></ul></ul><ul><ul><li>Must have a 99% success rate </li></ul></ul><ul><ul><li>Not producing more than a given number of defective watches per hour </li></ul></ul>Where Timing is Everything Team 6 Page 3
  4. 4. EuroWatch Company <ul><li>Based upon this analysis we are 99% certain that: </li></ul><ul><li>Expected Value of 10 defective watches per hour </li></ul><ul><li>482 working watches </li></ul><ul><li>18 defective watches </li></ul>Where Timing is Everything Team 6 Page 4 Task 1 : Production Line 1
  5. 5. <ul><li>Based upon this analysis we are 99% certain that: </li></ul><ul><li>Expected Value of 5 defective watches per hour </li></ul><ul><li>489 working watches </li></ul><ul><li>11 defective watches </li></ul>EuroWatch Company Where Timing is Everything Team 6 Page 5 Task 1 : Production Line 2
  6. 6. EuroWatch Company <ul><li>Task #2 </li></ul><ul><ul><li>Must be 99% positive </li></ul></ul><ul><ul><li>Customer receives 500 defect-free watches </li></ul></ul>Where Timing is Everything Team 6 Page 6
  7. 7. EuroWatch Company <ul><li>Order for 500 watches </li></ul><ul><li>Using only Line 2 for production </li></ul><ul><li>Guarantee of 99% certainty that customer will receive 500 defect-free watches </li></ul>Where Timing is Everything Team 6 Page 7 Task 2 : Production Line 2
  8. 8. EuroWatch Company <ul><li>Task #3 </li></ul><ul><ul><li>Using both Line 1 & Line 2 for production </li></ul></ul><ul><ul><li>Order for 1000 watches </li></ul></ul><ul><ul><li>Containing the same number of watches from each Line </li></ul></ul><ul><ul><li>Guarantee of 99% certainty that customer will receive 1000 defect-free watches </li></ul></ul>Where Timing is Everything Team 6 Page 8
  9. 9. EuroWatch Company Where Timing is Everything Team 6 Page 9 Task 3 : Production Lines 1 & 2 Snapshot of Defective Watches
  10. 10. EuroWatch Company Where Timing is Everything Team 6 Page 10 Task 3 : Production Run Simulation <ul><li>Simulation Equals </li></ul><ul><li>2 Independent simulation lines </li></ul><ul><li>Calculated defect-free probability values </li></ul><ul><li>Lines 1 & 2 total defect-free watches </li></ul><ul><li>Probability of acceptable shipments </li></ul>Simulation Findings
  11. 11. <ul><li>Findings & Recommendations </li></ul><ul><ul><li>Line 2 orders must be shipped with 511 watches in order to guarantee 500 defect-free watches reach the client </li></ul></ul><ul><ul><li>Combined shipments from Line 1 & Line 2 should contain 1016 watches in order for the client to receive 1000 defect-free watches </li></ul></ul><ul><ul><li>Therefore, it is beneficial to send combinations, as opposed to only using Line 2 to fulfill shipments </li></ul></ul>EuroWatch Company Where Timing is Everything Team 6 Page 11
  12. 12. The EuroWatch Company Where timing is everything Questions??? The End Team 6 Page 12

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