Optimum, Minimum Or Maximum

Jul 16, 2012Download as PPT, PDF0 likes1,673 views

The document discusses optimum, minimum, and maximum values in relation to dependent and independent variables. It provides examples of dependent variables like service level and availability, contribution, profit, and time required that have maximum or minimum values when the independent variables of maintenance, management decisions, and training are at their respective optimum points.

Optimum, minimum or maximum
Often misunderstood by managers, politicians and journalists

Concept: by Ton Noorhoff

Dependent Y max

Y = Dependent variable
variable Y is :
?maximum
or
?minimum
Y
when min

? independent X = Independent variable
variable X is
X
optimum opt

Optimum, minimum or maximum
Often misunderstood by managers, politicians and journalists

Examples: by Ton Noorhoff
?Management 100 %

Y = service-level, availability
Y
?Dependent max

variable Y=
?service-level ,
availability
?Independent
variable X = 0%

?maintenance X = maintenance of infrastructure
of the X opt
infrastructure

Optimum, minimum or maximum
Often misunderstood by managers, politicians and journalists

Examples: by Ton Noorhoff
Y = Maximum
?Business

Y = contribution or profit
?Dependent
variable Y = i.e.
?contribution
?profit
?Independent
variable X = X = decisions of management
?decisions of X opt

management

Optimum, minimum or maximum
Often misunderstood by managers, politicians and journalists

Examples: by Ton Noorhoff
?Sports
?Dependent

Y = time required
variable Y = i.e.
?time required
to cover
distance Y = Minimum

?Independent
variable X = i.e. X = training

? training X opt

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Optimum, Minimum Or Maximum

1. Optimum, minimum or maximum Often misunderstood by managers, politicians and journalists Concept: by Ton Noorhoff Dependent Y max Y = Dependent variable variable Y is : ?maximum or ?minimum Y when min ? independent X = Independent variable variable X is X optimum opt

2. Optimum, minimum or maximum Often misunderstood by managers, politicians and journalists Examples: by Ton Noorhoff ?Management 100 % Y = service-level, availability Y ?Dependent max variable Y= ?service-level , availability ?Independent variable X = 0% ?maintenance X = maintenance of infrastructure of the X opt infrastructure

3. Optimum, minimum or maximum Often misunderstood by managers, politicians and journalists Examples: by Ton Noorhoff Y = Maximum ?Business Y = contribution or profit ?Dependent variable Y = i.e. ?contribution ?profit ?Independent variable X = X = decisions of management ?decisions of X opt management

4. Optimum, minimum or maximum Often misunderstood by managers, politicians and journalists Examples: by Ton Noorhoff ?Sports ?Dependent Y = time required variable Y = i.e. ?time required to cover distance Y = Minimum ?Independent variable X = i.e. X = training ? training X opt

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Optimum, Minimum Or Maximum

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