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The Taguchi Quality Loss Function (QLF) Demonstrates That as the Quality

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The Taguchi Quality Loss Function (QLF) demonstrates that as the quality measure of a product declines, the loss due to quality defects:


Definitions:

Substitute

A product or service that can be used in place of another to satisfy consumer demand.

Quantity Supplied

The amount of a good or service that producers are willing to sell at a given price over a specified period.

Milk

A nutrient-rich liquid food produced by the mammary glands of mammals, widely consumed by humans.

Complement

A good or service that is used together with another good or service, increasing demand for one another (e.g., printers and ink cartridges).

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