Abstract
Abstract Industrial quality is presented as a direct result of manufacturing practices (e.g., tolerance allocation, process selection, inspection procedures). A quality indicator is developed that allows for the computation of a function representing the cost of an industrial product versus its quality level. This cost function is then incorporated in an economic model that estimates the consumers demand for the product as a function of both its price and quality level. The profit maximizing values of the price and quality level are derived, and in turn indicate the optimum production mode.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
