Webinar: Stochastic Optimization for Six Sigma

Webinar Details

Date:  2024-07-09

Time:  11 a.m. EDT

In part two of the Six Sigma webinar series, we will demonstrate three practical models that will give competitive advantage to any production or design process within a manufacturing environment. These models can equally be applied to processes within the service industry.

  • Selecting and ordering projects within a portfolio by priority to optimize output (Six Sigma with RISKOptimizer)
  • Design optimization of a liquid pump with Six Sigma – pump design optimization example (Six Sigma with RISKOptimizer)
  • Process optimization with Design of Experiment (DOE) to create a robust design (Six Sigma with @RISK and DecisionTools Suite)

We will introduce RISKOptimizer within @RISK and DecisionTools Suite which enables Stochastic optimization and is a step beyond Monte Carlo simulation. Stochastic optimization is useful when you have uncertain variables in your optimization as opposed to deterministic optimization, which can be performed with Excel solver.

In the webinar, we will answer questions such as:

  • Among the different projects of a project portfolio, which Six Sigma projects should I start in priority in order to maximize my overall Economic Value Added while meeting budget and staffing constraints?
  • How should I design a liquid pump in order to maximize the flow rate forecast while maintaining a certain level of quality and minimizing cost of purchased components ?
  • How do I find robust solutions among the different solutions found by a Design Of Experiments (DOE) used for process optimization.



About the Presenters


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 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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