Examlex
Identify the differences between service and merchandising companies.
Taguchi Concepts
A set of principles and methods for designing high-quality systems that are robust against various types of variation, developed by Genichi Taguchi.
Specification Limits
The defined upper and lower bounds within which a product's or process's performance must lie to meet customer or regulatory requirements.
Target Value
Target Value refers to the specific goal set for a metric or outcome, which serves as a benchmark for performance measurement.
Quality Loss Function
A mathematical formula that represents the cost of deviating from a product's target performance, emphasizing that this cost increases exponentially as the deviation grows.
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