Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Business
Evaluating Process Improvement Courses Of Action Through Modeling And Simulation, Joseph R. Owens
Evaluating Process Improvement Courses Of Action Through Modeling And Simulation, Joseph R. Owens
Theses and Dissertations
Quantifying an expected improvement when considering moderate-complexity changes to a process is time consuming and has potential to overlook stochastic effects. By modeling a process as a Numerical Design Structure Matrix (NDSM), simulating the proposed changes, and evaluating performance, quantification can be rapidly accomplished to understand stochastic effects. This thesis explores a method to evaluate complex process changes within Six Sigma DMAIC process improvement to identify the most desirable outcome amongst several improvement options. A tool to perform the modeling and evaluation is developed. This process evaluation tool is verified for functionality, then is demonstrated against generic processes, a case …
2018 Military Retirement Options: An Expected Net Present Value Decision Analysis Model, Bret N. Witham
2018 Military Retirement Options: An Expected Net Present Value Decision Analysis Model, Bret N. Witham
Theses and Dissertations
The 2016 NDAA authorized changes to the military retirement system transitioning from the legacy High-3 defined benefit annuity to the new Blended Retirement System (BRS). In exchange for a reduced defined benefit annuity, the BRS incorporates automatic and matching contributions to the member’s Thrift Savings Plan and a continuation payment offered at 12 years of service. In 2018,service members with less than 12 years of service will make an irrevocable decision between the two retirement systems. This research effort addresses the problem by developing a decision analysis model incorporating up to 27 different input variables. Service members can use the …