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FIGURE 12-1 The trade-off between quality and cost Total cost Cost of poor quality Process cost Optimal solution Percentage of defects produced

FIGURE 12-1 The trade-off between quality and cost Total cost Cost of poor quality Process cost Optimal solution Percentage of defects produced

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Figure 12–1 presents a conceptual picture of the trade-off between process cost and the costs of losses due to poor quality. What are the costs of poor quality and what difficulties might arise when attempting to measure these costs?

FIGURE 12-1 The trade-off between quality and cost Total cost Cost of poor quality Process cost Optimal solution Percentage of defects produced
Transcribed Image Text:FIGURE 12-1 The trade-off between quality and cost Total cost Cost of poor quality Process cost Optimal solution Percentage of defects produced
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