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Cost Of Quality And Taguchi Loss Function

Author

Listed:
  • Dobrin Cosmin

    (The Bucharest University of Economic Studies, Bucharest, Romania, Faculty of Management)

  • Stanciuc Ana-Maria

    (The Bucharest University of Economic Studies, Bucharest, Romania, Faculty of Management)

Abstract

An organization must take into account the costs associated with achieving quality because one of the important objective of continuous improvement programs is to meet customer requirements at the lowest possible cost. Hence, an organization needs to adopt framework to classify costs and to focus on existing cost of quality (CoQ) models. The objective of this paper is to give a survey of research literature and models on the topic of CoQ and to provide a basic understanding of quality costs.

Suggested Citation

  • Dobrin Cosmin & Stanciuc Ana-Maria, 2013. "Cost Of Quality And Taguchi Loss Function," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 1479-1485, July.
    • Handle: RePEc:ora:journl:v:1:y:2013:i:1:p:1479-1485
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    More about this item

    Keywords

    Quality Costs ; Cost of Poor Quality; Cot of Good Quality; The Taguchi Quality Loss Function.;
    All these keywords.

    JEL classification:

    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management

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