Latin Hypercube and Monte Carlo Sampling: When is the distinction important?

When using @RISK (Monte Carlo software for risk analysis and risk assessment), a user may choose between the Monte Carlo (MC) and Latin Hypercube (LH) sampling types.  LH sampling involves a stratification of the input distribution i.e. the cumulative curve is divided into equal intervals on the cumulative probability scale (0 to 1.0).  In theory, […]

The state of Six Sigma Conventions and Summits

I do believe these conventions are extremely important venues for idea sharing, networking, brainstorming and continuing education.  It’s my impression that there are hundreds of thousands of Six Sigma practitioners, just in the Unites States alone. With this said, why are these “tradeshows” so sparsely attended? One may argue that the number of attendees has […]