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An Economic Analysis for Product and Process Design

Summary: [This abstract is based on the author's abstract.]Cost analysis at the design stage is necessary to assure the best possible quality-price combination. An economic analysis is proposed that can be conducted along with known parameter design methods. The model minimizes the total expected quality costs, including the cost of using a set of factor levels and its expected quality loss.

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  • Topics: Process Management, Product Development and Recall
  • Keywords: Cost management,Economic design,Orthogonal array (OA),Process management,Product design,Quality loss function
  • Author: Taracena, Fernando L.
  • Journal: Quality Engineering