Webinar: Monte Carlo Simulation: A Powerful Tool for Lean Six Sigma

Webinar Details

Date:  2024-05-23

Time:  May 23 at 11 a.m. EDT | 5 p.m. CEST

This webinar will demonstrate how Monte Carlo simulation can be very helpful both for Lean and Six Sigma field projects. We will first present two Lean-oriented questions to be solved with two @RISK models and three Six Sigma-oriented @RISK models to show how Monte Carlo simulation can help significantly in process improvement issues (which process step should I improve in priority?), in production frequency estimations (which production frequency figure should I give to my plant manager?), in product design (on which component should I work in priority in order to minimize the scrap in an assembly process). Stochastic optimization will also be presented with Six Sigma applications (resource allocation and project prioritization). Eventually, we will show how Monte Carlo simulation can help to find robust design solutions among the different optimizations found by a Design Of Experiments (DOE).


About the Presenter

Fran├žois Momal,┬áMaster Black Belt, FranceStat

Originally trained as an engineer at Centrale Paris, François Momal is also a certified TransformancePro Coach (class of CT38, Vincent Lenhardt) and Lean Six Sigma Black Belt (IASSC certified). After a career in major industrial groups and in Operational Excellence consulting, François Momal now offers a three-pronged service:

  • Training (Green Belt and Black Belt certification courses, statistical techniques applied to risk assessment and decision-making)
  • Operations performance consulting (support for critical process improvement projects)
  • Coaching and team building

Trained in Transactional Analysis and Systems Thinking, François Momal integrates human factor approaches (from Coaching, Transactional Analysis, Systems Thinking, organizational sociology, etc.) into Operational Excellence approaches.

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Thalia M. Mulvihill, Ph.D., works as a Professor of Higher Education and Social Foundations in the Department of Educational Leadership at Ball State University. Dr. Mulvihill is a historian and sociologist of higher education. She teaches several qualitative research methods and academic writing courses for doctoral students and has authored eight books as well as over 90 refereed publications, co-edits The Teacher Educator journal, and is the recipient of numerous teaching, research, and mentoring awards.
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Morbi at fringilla arcu. Nulla et cursus massa, vel viverra eros. Donec est tortor, iaculis lobortis fringilla eu, tempor sit amet nulla. Vestibulum vestibulum fermentum arcu, non vestibulum libero sagittis eget. Suspendisse porta lacus lorem, vel tincidunt justo fringilla eget.

Morbi at fringilla arcu et cursus.

Morbi at fringilla arcu. Nulla et cursus massa, vel viverra eros. Donec est tortor, iaculis lobortis fringilla eu, tempor sit amet nulla. Vestibulum vestibulum fermentum arcu, non vestibulum libero sagittis eget. Suspendisse porta lacus lorem, vel tincidunt justo fringilla eget.

Morbi at fringilla arcu et cursus.

Morbi at fringilla arcu. Nulla et cursus massa, vel viverra eros. Donec est tortor, iaculis lobortis fringilla eu, tempor sit amet nulla. Vestibulum vestibulum fermentum arcu, non vestibulum libero sagittis eget. Suspendisse porta lacus lorem, vel tincidunt justo fringilla eget.

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Vel viverra eros donec est tortor.

Morbi at fringilla arcu. Nulla et cursus massa, vel viverra eros. Donec est tortor, iaculis lobortis fringilla eu, tempor sit amet nulla. Vestibulum vestibulum fermentum arcu, non vestibulum libero sagittis eget. Suspendisse porta lacus lorem, vel tincidunt justo fringilla eget.

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