The sigma level indicates the degree of performance of a business or manufacturing process. For ship equipment, we can translate it as equipment and system performance: the higher the equipment availability, the higher is the sigma level. A defect is equipment or system unavailability. In statistical terms, we want to reduce equipment performance variability caused by failures to lessen the risk associated with equipment or system malfunction. In other words, equipment and system availability during ship operation relative to set specifications defines the sigma level at which the equipment or system operates. The availability number is then scaled up to the equivalent of a million opportunities.
For example, if a system consists of parts which have a high probability of failure, it easy to conclude that the system sigma level is low and that work needs to be done to improve the reliability of the system. If a system is critical to ship operation and its failure may cause safety hazards, shipping companies need to bring that system to the Six Sigma level to avoid disasters and failures to complete the intended mission of the ship. Furthermore, ship owners/operators need to collect quality data to support maintenance planning and avoid drydock project budget overruns identified as growth work.
Top 10 richest Malaysians in 2014: Malaysia now boasts a total of eighteen billionaires, up from fourteen a year ago! Let's now take a look at the ten of the richest locals in 2014. As many Malaysians are well aware of, our country is going through a period of lows; our currency, the Ringgit, is weakening, we are experiencing a slowing economy and a lackluster stock market. All these come together to affect those who are earning a regular salary. But all of it is probably nothing more than an extra shrug from the guys on this list – if at all. In fact, some of those on the Forbes’ Malaysia’s Richest Tycoon list (ie the richest Malaysians, as of March 2014) have seen their fortunes increase as well, due to shrewd business decisions (amongst other things) despite economic conditions. Malaysia now boasts a total of eighteen billionaires, up from fourteen a year ago! Let’s now take a look at the ten of the richest locals in 2014. Source: Forbes’ Malaysia’s 50 Richest List Number 10: ...
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