Role for Design of Experiments in Financial Operations

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Most Master Black Belts would probably cite design of experiments (DOE) as the most underused statistical tool in financial services. Yet, designed experiments are a favorite tool of statisticians and Six Sigma practitioners working in general business environments because they are an extremely efficient way of identifying what matters in a process and what does […]

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Teaching DOE Using Toy Motorcycles

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For its Design for Six Sigma training course, one company sought a new, engaging way to teach DOE that was also budget friendly and provided consistent results. Solution: A toy motorcycle.

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DOE for Services: Right Training Makes It a Valuable Tool

DOE for Services: Right Training Makes It a Valuable Tool

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When it comes to mastering design of experiments, there can be a steep learning curve. Through a DOE simulation, trainees can get firsthand experience applying DOE concepts, learning how to set up the experimental design and how to interpret its results.

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Importance of Test Plans/Test Protocol (with a Template)

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Test plans, also called test protocol, are formal documents that typically outline requirements, activities, resources, documentation and schedules to be completed. Some form of test plan should be developed prior to any test. The key reasons for developing test plans are: Preparation: To assure that all reasonable aspects of running a test have been considered. […]

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DOE: The Power Tool of the Analyze and Improve Phases

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Each step of the DMAIC methodology brings a distinct set of tools to bear on the project objective. For the Analyze and Improve phases, design of experiments (DOE), combined with analysis of variance, is the Six Sigma power tool.

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