Production and Operations Analysis, Seventh Edition
Production and Operations Analysis, Seventh Edition
7th Edition
ISBN: 9781478623069
Author: Steven Nahmias, Tava Lennon Olsen
Publisher: Waveland Press, Inc.
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Chapter 1.3, Problem 3P
Summary Introduction

To explain: Whether the companies that have gone out of business suffered this due to the reason of focusing only on cost and not on the quality standard.

Introduction: Production process of a product involves some mandatory costs in a very large volume. Within these costs a company must maintain its standard quality of the product in order to run the business. However, some companies fail to do so in spite huge incurred expenses and finally run out of business in very beginning.

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