The Use of Modern Statistical Methods to Optimize Production Systems in Foundries
Conducting reliable and credible evaluation and statistical interpretation of empirical results related to the operation of production systems in foundries is for most managers complicated and labour-intensive. Additionally, in many cases, statistical evaluation is either ignored and considered a ne...
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Published in | Archives of foundry engineering Vol. 16; no. 3; pp. 115 - 120 |
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Main Authors | , , |
Format | Journal Article |
Language | English |
Published |
De Gruyter Open
01.09.2016
Polish Academy of Sciences |
Subjects | |
Online Access | Get full text |
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Summary: | Conducting reliable and credible evaluation and statistical interpretation of empirical results related to the operation of production systems in foundries is for most managers complicated and labour-intensive. Additionally, in many cases, statistical evaluation is either ignored and considered a necessary evil, or is completely useless because of improper selection of methods and subsequent misinterpretation of the results. In this article, after discussing the key elements necessary for the proper selection of statistical methods, a wide spectrum of these methods has been presented, including regression analysis, uni- and multivariate correlation, one-way analysis of variance for factorial designs, and selected forecasting methods. Each statistical method has been illustrated with numerous examples related to the foundry practice. |
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ISSN: | 2299-2944 2299-2944 |
DOI: | 10.1515/afe-2016-0061 |