Energy system performance evaluation methods: problems & solutions. Vilnis Vesma, UK
|
|
- Moses Morton
- 6 years ago
- Views:
Transcription
1 Energy system performance evaluation methods: problems & solutions Vilnis Vesma, UK 1
2 Speaker s credentials Graduate in engineering science and economics, University of Oxford Worked as an energy manager Specialist in the analysis and presentation of energy consumption data Author, Energy Management Principles and Practice Committee member, International Performance Measurement and Verification Protocol Committee member, EN16001, ISO50001, EN
3 The problem A fundamental and widespread problem with energy-systems performance evaluation is the use of simple energy intensity as a measure of performance. As this chart from a survey of UK ironfoundries shows, energy use per tonne of good castings shows a huge spread even when plants running similar processes are grouped together. A sites melting by cupola B sites melting by cupola and holding by electricity C sites melting and holding by electricity D sites melting by cupola, holding by electricity, all output heat treated Source: UK government Energy Thrift Scheme survey
4 The problem One of the problems in the earlier slide is that consumption was evaluated per tonne of good castings. This means that variations in product yield affect the apparent energy efficiency. It is impossible to separate the two: a poor figure may represent poor quality and high reject rate, or poor energy efficiency, or both. But even when assessed against quantity of metal melted, as in this slide, there is as much or more apparent variation in energy efficiency. 4
5 The problem Energy-intensity values (energy per unit of output) are clearly not comparable Even within groups of similar sites Benchmarks are likely to be meaningless The wide spread in performance-indicator values suggests huge variations in energy efficiency from one plant to another, and casts doubt on the reliability of this kind of indicator. 5
6 Another problem The cause of the variability between plants can be traced to a phenomenon that is clearly evident when one looks at the history of an individual melting shop. This shows the history of MWh per tonne in a melting shop, at monthly intervals. Note the wild apparent swings in performance, particularly the apparently extremely bad performance in July 2004 (seventh chart point from the left) 6
7 Another problem January 2008 February 2009 Look at two months in particular January 2008 (0.89 MWh/tonne) February 2009 (0.975 MWh/tonne) February 2009 appears to have worse energy performance 7
8 Another problem January 2008 February 2009 But now plot the data on a scatter diagram of monthly electricity consumption against monthly melting output. It is perfectly clear that there is a strong correlation between the two. I have superimposed a regression line which shows the relationship. We can see that February 2009 falls on the regression line; this means that performance that month was typical. But in January 2008 consumption was higher than might have been expected. 8
9 Another problem Actual Expected We can see here that there was substantial excess consumption in January
10 A further problem Correct analysis: February 2009 (0.98 MWh/tonne) OK January 2008 (0.89 MWh/tonne) inefficient This is the opposite of the natural conclusion In short, the month with the higher energy-per-unit-output figure was actually the better performer: not what most people would have thought. 10
11 Weaknesses of energy-intensity methods Affected by things other than energy efficiency Only a ratio: tell us nothing about absolute waste or savings Cannot be calculated at all if there are multiple product grades The big problem here is that there is some fixed overhead consumption which distorts the picture. At higher throughputs, a lower performance-indicator value would be expected anyway. Therefore it is meaningless to compare simple energy performance indicators even within the history of one process, let alone between one plant and another. Energy performance indicators suffer from only being ratios. Absolute estimates of energy savings or losses would be more useful. This without mentioning their fatal weakness: they can only be computed if there is a single factor driving variation in consumption. In any other real-life scenario, they are impossible to compute at all. 11
12 Towards a solution The straight-line relationship which we observed offers as a solution. It allows us to estimate the expected quantity of energy for any given level of output. 12
13 Towards a solution Actual Expected The ability to compute expected consumption in each period gives us a dynamic yardstick for correct consumption. Here we see the history of actual and expected consumption compared. 13
14 Towards a solution This is a history of the deviation from expected consumption. The dotted lines are set at about +/- 15% and most of the time, variances are much less than this. 14
15 Towards a solution This shows how misleading a simple energy-intensity metric can be. Remember that July 2004 had the highest energy performance indicator by a wide margin: but we now see that in fact consumption was well below what might otherwise have been expected. Performance was actually good that month, not the worst ever. 15
16 Towards a solution International Performance Measurement and Verification Protocol introduces the idea of a mathematical model relating consumption to influencing factors. Comparing actual consumption with a good estimate of expected consumption, derived from a performance model, is the basis of the methodology developed over the last 17 years in IPMVP. 16
17 Towards a solution IPMVP shows how a model of prior performance can be used, after the implementation of energy systems optimisation, to answer the question how much energy would we have used in the absence of the energy conservation measures?. It provides a dynamic yardstick against which to assess the actual quantity of energy used, and thereby to calculate what IPMVP calls the avoided energy use. 17
18 Towards a solution Changes in performance can be evaluated even if it is impossible to express performance as a single number All you need is a mathematical model of baseline relationship between consumption and the factors which cause consumption to vary The model can be as simple as a straight-line relationship, or more complex if necessary What I have demonstrated here deals only with the evaluation of savings achieved at a particular plant. What about benchmarking between plants? 18
19 The final problem Simple energy-intensity performance indicators are dangerously misleading. So how can we compare one plant with another? 19
20 One possible solution We could compare performance characteristic lines instead: 20
21 Another possible solution Continue to use energy performance indicators but adjust them to standard conditions For example, adjusted to full-capacity output If we do this, an energy-efficient plant would not be penalised for having low throughput. 21
22 Summary Energy-per-unit-of-output indicators are dangerous often yield wrong conclusions are not necessary for evaluation of savings Methods based on expected-consumption models are more accurate can be deployed in many more circumstances For benchmarking Compare performance characteristics, or Adjust indicator values to standard conditions 22
The energy performance coefficient a robust indicator Vilnis Vesma MA(OXON) CENG MEI CMVP CEM
The energy performance coefficient a robust indicator Vilnis Vesma MA(OXON) CENG MEI CMVP CEM 1. Introduction The purpose of an energy performance indicator (EnPI) is to allow progress in energy management
More informationStatistics: Data Analysis and Presentation. Fr Clinic II
Statistics: Data Analysis and Presentation Fr Clinic II Overview Tables and Graphs Populations and Samples Mean, Median, and Standard Deviation Standard Error & 95% Confidence Interval (CI) Error Bars
More informationEnergy savings reporting and uncertainty in Measurement & Verification
Australasian Universities Power Engineering Conference, AUPEC 2014, Curtin University, Perth, Australia, 28 September 1 October 2014 1 Energy savings reporting and uncertainty in Measurement & Verification
More information22 ways to get the most out of OEE and lean manufacturing disciplines
automation technology & consulting 22 ways to get the most out of OEE and lean manufacturing disciplines Overall equipment effectiveness (OEE) and lean manufacturing have won many converts. These two disciplines
More informationMAS187/AEF258. University of Newcastle upon Tyne
MAS187/AEF258 University of Newcastle upon Tyne 2005-6 Contents 1 Collecting and Presenting Data 5 1.1 Introduction...................................... 5 1.1.1 Examples...................................
More informationThe Art of the (Investor) Pitch
The Art of the (Investor) Pitch D E S M O N D O C O N N O R I N N O V A T I O N W O R K S I N C. O C T O B E R 2 4 TH, 2 0 1 7 Objectives for Today Provide a framework for effective pitching Put the Investor
More informationCommon Mistakes in Performance Evaluation
Common Mistakes in Performance Evaluation The Art of Computer Systems Performance Analysis By Raj Jain Adel Nadjaran Toosi Wise men learn by other men s mistake, fools by their own. H. G. Wells No Goals
More information1. Setting maintenance management objectives and indicators
Maintenance KPI 1. Setting maintenance management objectives and indicators Any management exercise requires the specification of objectives and indicators to control performance or, in other words, expressing:
More information#1 Misalignment of internal and external resources
It must be remembered that there is nothing more difficult to plan, more doubtful of success, nor more dangerous to manage, than the creation of a new system. For the initiator has the enmity of all who
More informationManagerial Accounting Prof. Dr. Varadraj Bapat Department of School of Management Indian Institute of Technology, Bombay
Managerial Accounting Prof. Dr. Varadraj Bapat Department of School of Management Indian Institute of Technology, Bombay Lecture - 32 Standard Costing, Mix, Yield, Sales and Fixed Overhead Variances The
More informationComputing Descriptive Statistics Argosy University
2014 Argosy University 2 Computing Descriptive Statistics: Ever Wonder What Secrets They Hold? The Mean, Mode, Median, Variability, and Standard Deviation Introduction Before gaining an appreciation for
More information= = Name: Lab Session: CID Number: The database can be found on our class website: Donald s used car data
Intro to Statistics for the Social Sciences Fall, 2017, Dr. Suzanne Delaney Extra Credit Assignment Instructions: You have been hired as a statistical consultant by Donald who is a used car dealer to help
More informationBusiness Quantitative Analysis [QU1] Examination Blueprint
Business Quantitative Analysis [QU1] Examination Blueprint 2014-2015 Purpose The Business Quantitative Analysis [QU1] examination has been constructed using an examination blueprint. The blueprint, also
More informationSCHEDULING EFFICIENCY: FINDING THE RIGHT MEASURE
SCHEDULING EFFICIENCY: FINDING THE RIGHT MEASURE Copyright 2018 Axsium Group Ltd. All rights reserved www.axsiumgroup.com The key to delivering an effective benefit case for a workforce management (WFM)
More information= = Intro to Statistics for the Social Sciences. Name: Lab Session: Spring, 2015, Dr. Suzanne Delaney
Name: Intro to Statistics for the Social Sciences Lab Session: Spring, 2015, Dr. Suzanne Delaney CID Number: _ Homework #22 You have been hired as a statistical consultant by Donald who is a used car dealer
More informationITIL Intermediate Lifecycle Stream:
ITIL Intermediate Lifecycle Stream: SERVICE DESIGN CERTIFICATE Sample Paper 1, version 6.1 Gradient Style, Complex Multiple Choice ANSWERS AND RATIONALES Page 1 of 13 Answer Key: Scenario Question Correct:
More informationSTATISTICAL TECHNIQUES. Data Analysis and Modelling
STATISTICAL TECHNIQUES Data Analysis and Modelling DATA ANALYSIS & MODELLING Data collection and presentation Many of us probably some of the methods involved in collecting raw data. Once the data has
More informationThe 7 Costly MISTAKES People Make When Buying and Using Pallets!
The 7 Costly MISTAKES People Make When Buying and Using Pallets! www.palletsgoldcoast.com Page1 Legal Notice: This report is copyright Rebecca and Des Bennett. All Rights Reserved. No portion of this report
More informationApplied Multivariate Statistical Modeling Prof. J. Maiti Department of Industrial Engineering and Management Indian Institute of Technology, Kharagpur
Applied Multivariate Statistical Modeling Prof. J. Maiti Department of Industrial Engineering and Management Indian Institute of Technology, Kharagpur Lecture - 19 Tutorial - ANOVA (Contd.) (Refer Slide
More informationOnline Student Guide Scatter Diagrams
Online Student Guide Scatter Diagrams OpusWorks 2016, All Rights Reserved 1 Table of Contents LEARNING OBJECTIVES... 3 INTRODUCTION... 3 UNIVARIATE AND BIVARIATE DATA... 3 CORRELATION... 4 POSITIVE OR
More informationintroduction by Stacey Barr
The business questions your performance measures should you can't make informed decisions if the information you're using can't your questions by Stacey Barr introduction The report design working group
More informationProject Management CTC-ITC 310 Spring 2018 Howard Rosenthal
Project Management CTC-ITC 310 Spring 2018 Howard Rosenthal 1 Notice This course is based on and includes material from the text: A User s Manual To the PMBOK Guide Authors: Cynthia Stackpole Snyder Publisher:
More informationThe combination of factors and their levels describe the battlespace conditions.
Design of Experiments (DOE) is an acronym and a test technique increasingly being used in the T&E community. This will present a conceptual overview of what DOE is, how it compares to other testing techniques,
More informationComments on EPA s Co-Proposal for the State of Utah s Regional Haze State Implementation Plan (Docket ID No. EPA-R08-OAR )
Comments on EPA s Co-Proposal for the State of Utah s Regional Haze State Implementation Plan (Docket ID No. EPA-R08-OAR-2015-0463) Dr. H. Andrew Gray Gray Sky Solutions San Rafael, CA March 14, 2016 Introduction
More informationIntroduction to Statistics. Measures of Central Tendency
Introduction to Statistics Measures of Central Tendency Two Types of Statistics Descriptive statistics of a POPULATION Relevant notation (Greek): µ mean N population size sum Inferential statistics of
More informationBU Power Generation Energy efficiency presentation PSPG Services
BU Power Generation Energy efficiency presentation PSPG Services World primary energy demand in reference scenario Demand and related emissions rise 40% Source: IEA World Energy Outlook 2009 World energy
More informationFrequently Asked Questions About CSO s Context-Based Carbon Metric
Frequently Asked Questions About CSO s Context-Based Carbon Metric Prepared by Mark W. McElroy, Ph.D. UPDATED February 9, 2017 1. Why do you call your metric a context-based metric? What does that mean?
More informationINDUSTRIAL ENGINEERING
1 P a g e AND OPERATION RESEARCH 1 BREAK EVEN ANALYSIS Introduction 5 Costs involved in production 5 Assumptions 5 Break- Even Point 6 Plotting Break even chart 7 Margin of safety 9 Effect of parameters
More informationINCENTIVE PRICE REGULATION
INCENTIVE PRICE REGULATION dr. Péter Kaderják Director, REKK NARUC Training on Tariff Development and Utility Regulation May 7-11, 2007, Baku, Azerbaijan COST-PLUS REGULATION AND SOFT BUDGET CONSTRAINT
More informationModule - 01 Lecture - 03 Descriptive Statistics: Graphical Approaches
Introduction of Data Analytics Prof. Nandan Sudarsanam and Prof. B. Ravindran Department of Management Studies and Department of Computer Science and Engineering Indian Institution of Technology, Madras
More informationInvestor Confidence Project
Investor Confidence Project Project Developer and Quality Assurance Assessor Training May 9th 2018 Presenters: Luís Castanheira, ICP Europe Technical Director Bethan Phillips, ICP Europe Technical Team
More informationDate Advances Declines Net Advance AD Line
AUTHOR The subjective works of WD Gann from the early part of the twentieth century are not normally associated with one of the modern pillars of twenty first century Technical Analysis, Market Breadth.
More informationGeneral Equilibrium and Efficiency. Copyright 2009 Pearson Education, Inc. All rights reserved. 1
General Equilibrium and Efficiency Copyright 2009 Pearson Education, Inc. All rights reserved. 1 After reading this chapter, you will have learned: The difference between a partial and general equilibrium
More informationVisual BI Value Driver Tree for SAP Lumira Designer - User Guide -
Visual BI Value Driver Tree for SAP Lumira Designer - User Guide - 1 Copyright 3 1.1 Trademark Information 3 1.2 Patent Information 3 1.3 SAP Trademarks 3 2 Definitions 4 3 Introduction 5 3.1 Document
More informationACCT323, Cost Analysis & Control H Guy Williams, 2005
Costing is a very interesting area because there are many different ways to come up with cost for something. But these principles are generally applicable across the board. Because at any point once you
More informationContents. Part I Business-Integrated Quality Systems. Part II Integrated Planning. Preface... xi
Contents Preface... xi Part I Business-Integrated Quality Systems 1 Organizational Structures... 3 General Theory of Organization Structure... 5 The Functional/Hierarchical Structure... 6 Matrix Organizations...
More informationLecture Notes on Statistical Quality Control
STATISTICAL QUALITY CONTROL: The field of statistical quality control can be broadly defined as those statistical and engineering methods that are used in measuring, monitoring, controlling, and improving
More informationRoadblocks to Approving SIS Equipment by Prior Use. Joseph F. Siebert. exida. Prepared For. ISA EXPO 2006/Texas A&M Instrumentation Symposium
Roadblocks to Approving SIS Equipment by Prior Use Joseph F. Siebert exida Prepared For ISA EXPO 2006/Texas A&M Instrumentation Symposium Houston, TX/College Station, TX October 18, 2006/ January 24, 2007
More informationChapter 1. Introduction
Chapter 1 Introduction INTRODUCTION 1.1 Introduction Statistics and statisticians can throw more light on an issue than a committee. of experts for making decisions on real life problems. Professor C.
More informationTechniques and Tools OPRE
Techniques and Tools OPRE 6364 1 TQM Operationalized Find out what the customer wants Design a product or service that meets or exceeds customer wants Design processes that facilitates doing the job right
More informationChart Recipe ebook. by Mynda Treacy
Chart Recipe ebook by Mynda Treacy Knowing the best chart for your message is essential if you are to produce effective dashboard reports that clearly and succinctly convey your message. M y O n l i n
More informationThe Million Dollar Firm
The Million Dollar Firm How to Start Your Journey M. Darren Root a resource for you from The Million Dollar Firm Choose Your Path with Intention to End Traditional Firm Chaos M.Darren Root President/CEO,
More informationTwo Way ANOVA. Turkheimer PSYC 771. Page 1 Two-Way ANOVA
Page 1 Two Way ANOVA Two way ANOVA is conceptually like multiple regression, in that we are trying to simulateously assess the effects of more than one X variable on Y. But just as in One Way ANOVA, the
More information1. Contingency Table (Cross Tabulation Table)
II. Descriptive Statistics C. Bivariate Data In this section Contingency Table (Cross Tabulation Table) Box and Whisker Plot Line Graph Scatter Plot 1. Contingency Table (Cross Tabulation Table) Bivariate
More informationSTA Module 2A Organizing Data and Comparing Distributions (Part I)
STA 2023 Module 2A Organizing Data and Comparing Distributions (Part I) 1 Learning Objectives Upon completing this module, you should be able to: 1. Classify variables and data as either qualitative or
More informationCapability on Aggregate Processes
Capability on Aggregate Processes CVJ Systems AWD Systems Trans Axle Solutions edrive Systems The Problem Fixture 1 Fixture 2 Horizontal Mach With one machine and a couple of fixtures, it s a pretty easy
More information32 BETTER SOFTWARE JULY/AUGUST 2009
32 BETTER SOFTWARE JULY/AUGUST 2009 www.stickyminds.com Why automate? This seems such an easy question to answer; yet many people don t achieve the success they hoped for. If you are aiming in the wrong
More informationintroduction by Stacey Barr
Are you underestimating the performance measurement most people only see the tip of the performance measurement iceberg - and that's why their measures fail by Stacey Barr introduction Models like the
More informationInvestor Confidence Project
Investor Confidence Project Formação ICP Europe Indústria e Aprovisionamento Energético 23 de Outubro 2018 Formadores: Jorge Rodrigues de Almeida, ICP Europe, Diretor Luís Castanheira, ICP Europe, Diretor
More informationLEAN PRODUCTION SYSTEM
LEAN PRODUCTION SYSTEM Introduction Lean Overview Process Control Tools 1. Flow Chart / Diagram 2. Check Sheet 3. Histogram 4. Pareto Chart / Diagram 5. Cause-and-Effect Diagram 6. Why-Why Diagram 7. Scatter
More informationChapter 3 Structuring Decisions
Making Hard Decisions Chapter 3 Structuring Decisions Slide 1 of 49 Introduction Suppose elements of Decision Problem (DP) are available, i.e.: Objectives that apply to the decision context Immediate decision
More informationA01 325: #1 VERSION 2 SOLUTIONS
Economics 325: Public Economics Section A01 University of Victoria Midterm Examination #1 VERSION 2 SOLUTIONS Fall 2012 Instructor: Martin Farnham Midterm Exam #1 Section 1: Multiple Choice Each question
More informationDECENTRALISATION AND THE NEED FOR PERFORMANCE MEASUREMENT 06/04/2017
DECENTRALISATION AND THE NEED FOR PERFORMANCE MEASUREMENT 06/04/2017 Decentralisation is essentially the delegation of decision-making responsibility. All organisations decentralise to some degree; some
More informationPractice Final Exam STCC204
Practice Final Exam STCC24 The following are the types of questions you can expect on the final exam. There are 24 questions on this practice exam, so it should give you a good indication of the length
More informationSTA Rev. F Learning Objectives. Learning Objectives (Cont.) Module 2 Organizing Data
STA 2023 Module 2 Organizing Data Rev.F08 1 Learning Objectives Upon completing this module, you should be able to: 1. Classify variables and data as either qualitative or quantitative. 2. Distinguish
More informationInvestor Confidence Project
Investor Confidence Project Project Developer and Quality Assurance Assessor Training: Industry 17th July 2018 Presenters: Luís Castanheira, ICP Europe Technical Director Bethan Phillips, ICP Europe Technical
More informationTerminal Benchmarking Wipro Thought Leadership
By Goutam Mangaraj EXECUTIVE SUMMARY This paper showcases Wipro s thought leadership around the enterprise-wide fuel Terminal Benchmarking area, which is an industry trend that has emerged over the past
More informationThe 10 Big Mistakes People Make When Running Customer Surveys
The 10 Big Mistakes People Make When Running Customer Surveys If you want to understand what drives customer loyalty for your business and how to align your business to improve customer loyalty, Genroe
More informationMark Scheme (Results) January 2011
Mark Scheme (Results) January 011 Functional Skills Functional Skills Mathematics Level 1 (FSM01) Edexcel is one of the leading examining and awarding bodies in the UK and throughout the world. We provide
More information"Meaningful Metrics for Agile Teams and Organizations"
KT2 Keynote 11/18/2010 4:30:00 PM "Meaningful Metrics for Agile Teams and Organizations" Presented by: Niel Nickolaisen EnergySolutions Brought to you by: 330 Corporate Way, Suite 300, Orange Park, FL
More informationOlena Abramova, Director, Personnel Certification Body of the Ukrainian Association for Quality, Ukraine
The role of the EOQ Personnel Registration Scheme requirements in harmonization of Ukrainian business practices and problems of the quality training and personnel certification system Olena Abramova, Director,
More information7 Interview Questions You Need to be Asking
7 Interview Questions You Need to be Asking PRACTICAL TOOLS 7 Interview Questions You Need to be Asking / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / /
More informationPROJECT QUALITY MANAGEMENT. 1 Powered by POeT Solvers LImited
PROJECT QUALITY MANAGEMENT 1 www.pmtutor.org Powered by POeT Solvers LImited WHAT S PROJECT QUALITY MANAGEMENT? WHAT S PROJECT QUALITY MANAGEMENT? Project Quality Management processes include all the activities
More informationSplendid Speaking Podcasts
Splendid Speaking Podcasts Topic: Signposting Your Talk (Interview 26) This show can be listened to at the following address: http://www.splendid-speaking.com/learn/podcasts/int26.html Comprehension Questions
More informationCHAPTER 4, SECTION 1
DAILY LECTURE CHAPTER 4, SECTION 1 Understanding Demand What Is Demand? Demand is the willingness and ability of buyers to purchase different quantities of a good, at different prices, during a specific
More informationRe-Aligning Performance / Reward in Investment Banking
Re-Aligning Performance / Reward in Investment Banking By Warren Rosenstein and Steven Hurd Nov 12, 2012 OVERVIEW 2001 to 2007 was a remarkable time for the investment banking business. Firms felt they
More informationGreat Software Development (through iteration)
Great Software Development (through iteration) A view from the research university Pleasing the Customer 1 A Quick Background on (Software) Process From improvisation to planning 2 Quality Control: A Short
More informationEnergy Efficiency Impact Study
Energy Efficiency Impact Study for the Preferred Resources Pilot February, 2016 For further information, contact PreferredResources@sce.com 2 1. Executive Summary Southern California Edison (SCE) is interested
More informationInfrastructure. The Regulatory Assistance Project. New Jersey Energy Strategy Academy. Richard Sedano. Vermont Maine New Mexico California
Advanced Metering Infrastructure New Jersey Energy Strategy Academy February 24, 2009 Richard Sedano The Regulatory Assistance Project Vermont Maine New Mexico California About the Regulatory Assistance
More informationSPSS Guide Page 1 of 13
SPSS Guide Page 1 of 13 A Guide to SPSS for Public Affairs Students This is intended as a handy how-to guide for most of what you might want to do in SPSS. First, here is what a typical data set might
More information// How Traditional Risk Reporting Has Let Us Down
// How Traditional Risk Reporting Has Let Us Down Dr. Dan Patterson, PMP CEO & President, Acumen November 2012 www.projectacumen.com Table of Contents Introduction... 3 What is Project Risk Analysis?...
More informationDriving effective quality governance using Quality Metrics
Driving effective quality governance using Quality Metrics IPA Advanced GMP Workshop November 208 McKinsey & Company Contents Perspectives on best practices in Quality Metrics Group exercise 2 Regulatory
More informationUsing Data to Guide improvement. Objectives
Using Data to Guide improvement Rebecca Steinfield Cathy Bachert Objectives Develop a strategy for using data for improvement at the front line for at least one process change for STAAR Why are you measuring?
More informationEconometrics is: The estimation of relationships suggested by economic theory
Econometrics is: The estimation of relationships suggested by economic theory The application of mathematical statistics to the analysis of economic data Who Needs Econometrics? You do Many decisions in
More informationDATA ANALYTICS SERIES. Data Visualization Translating data into actionable insights for retailers
DATA ANALYTICS SERIES Data Visualization Translating data into actionable insights for retailers June 2016 INTRODUCTION Data visualization is the presentation of data in a visual format. It allows users
More informationSP500 November Market Timing Report
SP500 November Market Timing Report Anticipating the Swing Moves Before They Happen! Markets move in WAVES. This is especially true with the SP500, as you can see from the graphic chart logo shown at the
More informationWORKLOAD SELECTION. Gaia Maselli
WORKLOAD SELECTION Gaia Maselli maselli@di.uniroma1.it Prestazioni dei sistemi di rete 2 So far State the goals and define the system List services and possible outcomes Select metrics (procedure) Select
More informationProject Quality Management. Prof. Dr. Daning Hu Department of Informatics University of Zurich
Project Quality Management Prof. Dr. Daning Hu Department of Informatics University of Zurich Learning Objectives Define project quality management and understand how quality relates to various aspects
More informationSCENARIO: We are interested in studying the relationship between the amount of corruption in a country and the quality of their economy.
Introduction to SPSS Center for Teaching, Research and Learning Research Support Group American University, Washington, D.C. Hurst Hall 203 rsg@american.edu (202) 885-3862 This workshop is designed to
More informationTHE IMPORTANCE OF PLANNING DURING PROJECT EXECUTION
THE IMPORTANCE OF PLANNING DURING PROJECT EXECUTION A BASIS White Paper by Dr. Dan Patterson, PMP Introduction Twenty-five years ago, I was taught that project management was built upon the premise of
More informationChapter 16. System Development Process
Chapter 16 System Development Process Every information system is developed through a process with a particular composition. Steps of this process cover defining the system goals, analyzing existing business
More informationISO BCMS audit results and what they tell us
ISO 22301 BCMS audit results and what they tell us Hilary Estall MBCI, IRCA BCMS Lead Auditor takes a look at how organisations are faring with their BCMS audits and what, if any, trends are appearing.
More informationInvestor Confidence Project
Investor Confidence Project Project Developer and Quality Assurance Assessor Training: Street Lighting 13th September 2018 Presenters: Luís Castanheira, ICP Europe Technical Director Bethan Phillips, ICP
More informationTHE YIELD IMPROVEMENT TECHNOLOGY A REVOLUTIONARY TOOL FOR TOTAL QUALITY MANAGEMENT (TQM)
THE YIELD IMPROVEMENT TECHNOLOGY A REVOLUTIONARY TOOL FOR TOTAL QUALITY MANAGEMENT (TQM) K. Elis Norden Institute of Yield Technology Ltd Grossfeldstrasse 76, CH-7320 Sargans, Switzerland Abstract Yield
More informationMalay (Rumi, Roman script)
Hai Malay (Rumi, Roman script) Project Management Process Groups Project Integration Management Initiating Planning Executing Scope Monitoring & Controlling Closing Knowledge Areas Time Cost Quality Human
More informationChapter 9. Regression Wisdom. Copyright 2010 Pearson Education, Inc.
Chapter 9 Regression Wisdom Copyright 2010 Pearson Education, Inc. Getting the Bends Linear regression only works for linear models. (That sounds obvious, but when you fit a regression, you can t take
More informationInvestor Confidence Project
Investor Confidence Project Project Developer and Quality Assurance Assessor Training: Street Lighting 2 nd November 2018 Presenters: Luís Castanheira, ICP Europe Technical Director Bethan Phillips, ICP
More informationWhy & how performance management & evaluation. OECD Trento Centre 10 th 13 th November
Why & how performance management & evaluation OECD Trento Centre 10 th 13 th November This presentation covers Why performance manage & evaluate The benefits, the risks The choices of approach How to plan,
More informationInvestor Confidence Project
Investor Confidence Project Project Developer and Quality Assurance Assessor Training: Street Lighting 22nd November 2018 Presenters: Luís Castanheira, ICP Europe Technical Director Bethan Phillips, ICP
More informationMind Your Own Business
Mind Your Own Business You may be asking by now, what is the point of all this financial analysis that has been presented in the previous seven articles? It isn t to make work for your accountant although
More information5-54 Volume-based Costing Versus ABC
5-54 Volume-based Costing Versus ABC 1. Product A Product B Product C Materials $50.00 $114.40 $65.00 Labor 20.00 12.00 10.00 Overhead* 116.00 69.60 58.00 Total Cost $186.00 $ 196.00 $133.00 *overhead
More informationCommercial Property Climate Bonds
Commercial Property Climate Bonds Certification methodology Low Carbon Buildings Technical Working Group Version 1.0 ABSTRACT This paper sets out guidance by the Low Carbon Buildings Technical Working
More informationWHITE PAPER. LEVERAGING A TESTING METHODOLOGY TO ENSURE HIGH QUALITY BANKING APIs. Venkata Griddaluri IBS Open APIs Manager of Quality Assurance
LEVERAGING A TESTING METHODOLOGY TO ENSURE HIGH QUALITY BANKING APIs Venkata Griddaluri IBS Open APIs Manager of Quality Assurance Why Quality Assurance is Needed The need for high-quality projects and
More informationWHITE PAPER. Analytics Software. Find what Matters
WHITE PAPER Analytics Software Find what Matters We Have The Data: Lets Find What Matters The past decade has seen dramatic advances in automation systems and smart devices. From IP connected systems employing
More informationInequality White Paper
Does inequality matter? Inequality White Paper There is inequality. We could argue about how much there is, and whether or not it is increasing at an all-time rate, or by a little, or staying about the
More informationDay 1: Confidence Intervals, Center and Spread (CLT, Variability of Sample Mean) Day 2: Regression, Regression Inference, Classification
Data 8, Final Review Review schedule: - Day 1: Confidence Intervals, Center and Spread (CLT, Variability of Sample Mean) Day 2: Regression, Regression Inference, Classification Your friendly reviewers
More informationMeasurement Systems Analysis
Measurement Systems Analysis Components and Acceptance Criteria Rev: 11/06/2012 Purpose To understand key concepts of measurement systems analysis To understand potential sources of measurement error and
More information6) Consumer surplus is the red area in the following graph. It is 0.5*5*5=12.5. The answer is C.
These are solutions to Fall 2013 s Econ 1101 Midterm 1. No guarantees are made that this guide is error free, so please consult your TA or instructor if anything looks wrong. 1) If the price of sweeteners,
More informationA Quality Control Procedure for the Agilent Bravo Platform
A Quality Control Procedure for the Agilent Bravo Platform Technical Overview Authors Stefanie N. Kairs, Rochele B. Carino, and Bruce E. Wilcox Applied Proteomics, Inc. Abstract Automated liquid handling
More information