Examlex
A warrant is an option issued by a corporation to buy its stock at a specified price within a specified time period.
Contaminated Products
Items that have been tainted with substances that are harmful or undesired, affecting the product's safety and quality.
Quality Loss Function
A mathematical formula developed by Genichi Taguchi to measure the cost of deviating from target values, emphasizing minimizing variability and losses associated with poor quality.
Specification Limits
The range of permissible or acceptable values set based on customer requirements or industry standards that products or processes should meet.
PDCA
A continuous improvement model that involves four stages.
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