Maximize manufacturing profit
Leading for this system*
* Your last experiment counts the most. Try to place it where you think the optimum is. You are also penalized for running unstructured experiments.
The aim of this system is to maximize the profit made ($/hour). There are two factors that you can adjust that will affect the outcome.
- P = selling price of the product, measured in dollars and cents
- T = throughput (production rate) of the process, measured in parts per hour
Typical values are: P = $0.75 and T = 325 parts per hour.
See "Experimentation for Improvement" Coursera course videos (see module 5), but note that the model here is not identical to the one in the videos.
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