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How Is Taguchi's Quality Loss Function Related to the Process

question 123

Essay

How is Taguchi's quality loss function related to the process capability ratio and the process capability index? Which process performance measure is it closest to?


Definitions:

Unlimited

Having no restrictions or boundaries in quantity or scope.

Fiat Money

Currency that a government has declared to be legal tender, but it is not backed by a physical commodity and derives its value solely from the trust that the currency will be accepted as a form of payment.

Store of Value

An asset, commodity, or currency that retains its value over time, allowing it to be saved, retrieved, and exchanged at a later time.

Board of Governors

The leading body of the Federal Reserve System, overseeing the U.S. banking system.

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