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A defect can be defined as a nonconformance of a quality characteristic (e.g. strength, width, response time) to its specification. DPMO is stated in opportunities per million units for convenience: processes that are considered highly capable (e.g., processes of Six Sigma quality) are those that experience fewer than 3.4 defects per million ...
Not getting things right the first time [23] means wasted resources, effort and time. This all leads to excessive costs for the company and poor-quality, high-priced products for the customer. NRFT measures the quality of a product and is expressed in “number of defective parts per million”.
Traditional six sigma methodology, DMAIC, has become a standard process optimization tool for the chemical process industries. However, it has become clear that [weasel words] the promise of six sigma, specifically, 3.4 defects per million opportunities (DPMO), is simply unachievable after the fact. Consequently, there has been a growing ...
The Failures In Time (FIT) rate of a device is the number of failures that can be expected in one billion (10 9) device-hours of operation [17] (e.g. 1,000 devices for 1,000,000 hours, or 1,000,000 devices for 1,000 hours each, or some other combination).
Fluorescein aqueous solutions, diluted from 10 000 to 1 part per million in intervals of ten-fold dilution. At 10 000 ppm the solution is a deep red colour. As the concentration decreases the colour becomes orange, then a vibrant yellow, with the final 1 ppm sample a very pale yellow.
As defined by the National Futures Association, a round turn is: "intended to include all transactions where an actual futures position is closed out or offset. This would include futures positions closed out by delivery, cash settlement, through an exchange for physicals, and as a result of the transfer to the carrying FCM from another FCM of offsetting futures contracts."
Reliable resources, such as FXClock, provide tools and insights into market activity across global time zones. In the case of an FX option on a rate , as in the above example, an option on GBPUSD provides a USD value that is linear in GBPUSD, using USD as the numéraire (a move from 2.0000 to 1.9000 yields a .10 × $2,000,000 / $2.0000 ...
The defect concentration diagram (also problem concentration diagram [1]) is a graphical tool that is useful in analyzing the causes of the product or part defects. [2] It is a drawing of the product (or other item of interest), with all relevant views displayed, onto which the locations and frequencies of various defects are shown.