Economics of Quality

Timothy Adesanya Ibidapo ()

Chapter 7 in From Industry 4.0 to Quality 4.0, 2022, pp 151-169 from Springer

Abstract: Abstract Growing from the prosperity of being able to separate defective products from non-defective ones, or good products from bad ones, through inspection, quality was able to convincingly demonstrate to the entirety of the people of the world its ability to strongly dictate business or organizational economic growth potentials.

Keywords: Appraisal costs; Do it right first time; Internal failure; Muda (waste); Prevention costs; Productivity; Quality audit; Return on investment (ROI); Value added and value systems (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/978-3-031-04192-1_7

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