The Role of Statistics in Business and Industry (eBook)

eBook Download: EPUB
2011 | 1. Auflage
368 Seiten
John Wiley & Sons (Verlag)
978-1-118-21146-5 (ISBN)

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The Role of Statistics in Business and Industry - Gerald J. Hahn, Necip Doganaksoy
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An insightful guide to the use of statistics for solving key
problems in modern-day business and industry

This book has been awarded the Technometrics Ziegel Prize
for the best book reviewed by the journal in 2010.
Technometrics is a journal of statistics for the physical, chemical
and engineering sciences, published jointly by the American Society
for Quality and the American Statistical Association. Criteria for
the award include that the book brings together in one volume a
body of material previously only available in scattered research
articles and having the potential to significantly improve practice
in engineering and science.

Highlighting the relevance of statistical methods in everyday
applications, The Role of Statistics in Business and
Industry bridges the gap between the tools of statistics and
their use in today's business world. This one-of-a-kind resource
encourages the proactive use of statistics in three well-organized
and succinct parts:

* Setting the Stage provides an introduction to statistics, with a
general overview of its uses in business and industry

* Manufactured Product Applications explains how statistical
techniques assist in designing, building, improving, and ensuring
the reliability of a wide variety of manufactured products such as
appliances, plastic materials, aircraft engines, and
locomotives

* Other Applications describe the role of statistics in
pharmaceuticals, finance, and business services, as well as more
specialized areas including the food, semiconductor, and
communications industries

This book is truly unique in that it first describes case
studies and key business problems, and then shows how statistics is
used to address them, while most literature on the topic does the
reverse. This approach provides a comprehensive understanding of
common issues and the most effective methods for their treatment.
Each chapter concludes with general questions that allow the reader
to test their understanding of the presented statistical concepts
as well as technical questions that raise more complex issues. An
extensive FTP site provides additional material, including
solutions to some of the applications.

With its accessible style and real-world examples, The Role
of Statistics in Business and Industry is a valuable supplement
for courses on applied statistics and statistical consulting at the
upper-undergraduate and graduate levels. It is also an ideal
resource for early-career statisticians and practitioners who would
like to learn the value of applying statistics to their everyday
work.

GERALD J. HAHN, PhD, was manager of applied statistics in the Corporate Research and Development Center at General Electric (GE) for twenty-eight years, where he was named a GE Coolidge Fellow, the organization's highest honor. Dr. Hahn is the coauthor of Statistical Models in Engineering and Statistical Intervals: A Guide for Practitioners, both published by Wiley. NECIP DOGANAKSOY, PhD, is a Statistician and Principal Technologist at General Electric's Global Research Center and is also Adjunct Professor in the School of Management at Union Graduate College. A Six Sigma Master Black Belt, Dr. Doganaksoy has written over fifty papers and journal articles on statistical applications in quality, reliability, and productivity improvement.

"The wealth of applied examples and clear language will
attract student readers and keep their attention whilst reading
what is at times highly technical information."
(Significance, 1 March 2011)
"This book is not just of interest to statisticians, but may be
even more valuable to professionals outside of our area, such as
managers and engineers, who are frequently involved in data-based
decisions... I appreciate the authors'
strategy to motivate statistical tools by first posing the business
problem or industrial question of interest. Every chapter of
the book concludes with a summary of "Major Takeaways"
and a set of useful and stimulating discussion questions. The book
can also serve as a resource for aspiring statisticians, providing
insight into the daily work of our profession." (The American
Statistician, August 2009)

"The Role of Statistics in Business and Industry is a perfect
name for this book. The authors provide a powerful discussion on
the challenges of business and industry and how statistics and
statistical thinking fit in attaching those challenges. The book is
meaningful, relevant and valuable to students, educators, technical
professionals, managers and executives in their quest to field
highly-reliable products, services and organizations to meet the
challenges of today's marketplace." (Journal of Quality
Technology, April 2009)

"With its emphasis on real-world problems and applications, this
is a good handbook for all statisticians in the manufacturing
field. It also could be used in graduate or industrial training
classes." (Quality Progress, April 2009)

"This book is meaningful, relevant and valuable to students,
educators, technical professionals, managers and executives in
their quest to field highly-reliable products, services and
organizations to meet the challenges of today's marketplace."
(Journal of Quality Technology Vol. 41, No. 2, April
2009)

"Highlighting the relevance of statistical methods in everyday
applications, the book addresses more than 45 application areas
that keep the use of statistics fresh and pertinent."
(Entrepreneur, 2009)

"Undergraduate students will find valuable connection points
with the basic theory they are learning while manufacturing the
managers overseeing projects on statistics will find valuable
enlightenment here." (MAA Reviews, December 2008)

"This book is a unique resource guide that addresses relevant
problems and case studies in the areas of business and industry
prior to any discussion of the statistical methods necessary to
resolve these problems. Highly recommended.(CHOICE, December
2008)

Erscheint lt. Verlag 20.9.2011
Sprache englisch
Themenwelt Mathematik / Informatik Mathematik Finanz- / Wirtschaftsmathematik
Mathematik / Informatik Mathematik Statistik
Mathematik / Informatik Mathematik Wahrscheinlichkeit / Kombinatorik
Technik
Wirtschaft
Schlagworte Engineering statistics • Finanz- u. Wirtschaftsstatistik • Qualität, Produktivität u. Zuverlässigkeit • Qualität, Produktivität u. Zuverlässigkeit • Quality, Productivity & Reliability • Statistics • Statistics for Finance, Business & Economics • Statistik • Statistik in den Ingenieurwissenschaften
ISBN-10 1-118-21146-4 / 1118211464
ISBN-13 978-1-118-21146-5 / 9781118211465
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