EBK OM
EBK OM
6th Edition
ISBN: 9781305888210
Author: Collier
Publisher: YUZU
Question
Book Icon
Chapter 5, Problem 2PA
Summary Introduction

Interpretation: The economic loss function if x=6.05 inches is to be determined.

Concept Introduction:

The loss function introduced by Mr. T, states that the quality gets definitely impacted whenever the cost is reduced but as the cost increases the quality automatically increased. This function also states that manufacturing costs can be reduced by enhancing the standard of the products and by minimizing the variation in specific product design.

Blurred answer
Students have asked these similar questions
HW 5 Q6   Solidtronic Incorporated an original equipment manufacturer (OEM), has a product specification of 71 ± 5 (i.e., T [the target value] = 71). The cost for warranty services (when the quality characteristic, x. is either 66 or 76) is estimated as $600 per unit.   What is the value of k, the cost coefficient in the Taguchi quality loss function (QLF) for this situation?
6. Outline a risk management approach to quality issues.
6. A blueprint specification for the thickness of a refrigerator part at Cool Food, Inc. is 0.06 + 0.04 centimeters (cm). It costs $45 to scrap a part that is outside the specifications. Determine the Taguchi loss function for this situation.
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Text book image
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Text book image
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Text book image
Business in Action
Operations Management
ISBN:9780135198100
Author:BOVEE
Publisher:PEARSON CO
Text book image
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Text book image
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.