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The Process of Reducing, Usually Dramatically, the Number of People

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The process of reducing, usually dramatically, the number of people employed by the firm is referred to as


Definitions:

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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