OM (with OM Online, 1 term (6 months) Printed Access Card)
OM (with OM Online, 1 term (6 months) Printed Access Card)
6th Edition
ISBN: 9781305664791
Author: David Alan Collier, James R. Evans
Publisher: Cengage Learning
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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.

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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?
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