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.

Question

Want to see the full answer?

Answer 1

Question

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.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Case study Training at Hailey’s Construction Shobana, Hailey’s Construction, Sales Manager, read the memo she has just received from Kavelan , the Training Manager, and said to herself,” No way! I’m not going to let Kavelan get away with this. Last month, hhe insisted that 15 of the salespeople spend three days on a course on Quality Control conducted by a trainer. I had my hesitations, but I sent them anyway. On their return, they grumbled constantly about what a bore it was and how their time had been wasted because the content was totally irrelevant to their jobs. Now Kavelan wants another 10 participants. Well, he can just find them somewhere else!” Question 2 Elaborate what should the Training Manager do to ensure that the managers of every department willingly send their staff for the training programmes. include example also

Case Study Training at Hailey’s Construction Shobana, Hailey’s Construction, Sales Manager, read the memo she has just received from Kavelan , the Training Manager, and said to herself,” No way! I’m not going to let Kavelan get away with this. Last month, hhe insisted that 15 of the salespeople spend three days on a course on Quality Control conducted by a trainer. I had my hesitations, but I sent them anyway. On their return, they grumbled constantly about what a bore it was and how their time had been wasted because the content was totally irrelevant to their jobs. Now Kavelan wants another 10 participants. Well, he can just find them somewhere else!” Question 1 Describe the mistakes Hailey’s Construction Training Manager made

Q43 Oslo Company's target quality characteristic, T, for one of its key components is set at 88. Using the Taguchi quality loss function (QLF) the company has determined the cost coefficient, k, to be $6,300. What is the estimated loss, L(x), if the value of the quality characteristic, x, is 91? Multiple Choice $4,200. $56,700. $7,200. $20,700. $45,200.