Journal article
A Quality Cost Model to Determine Optimal Policies for Purchased Components
The Quality management journal, v 5(3), pp 54-64
01 Jan 1998
Abstract
This study develops a technique for predicting purchasing quality costs and studying their behavior as random variables. The resulting model extends prior research that treats purchasing costs deterministically or not at all, thereby providing a valuable decision and planning tool for companies that are placing an increasing reliance on purchased components. The model was tested in the field at a small defense contractor. Test results suggest that purchasing costs can be reduced by using the model to select the lowest cost policy from a set of three alternatives.
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Details
- Title
- A Quality Cost Model to Determine Optimal Policies for Purchased Components
- Creators
- Edward D. Arnheiter - Rensselaer Polytechnic InstituteRichard J. Giglio - University of Massachusetts System
- Publication Details
- The Quality management journal, v 5(3), pp 54-64
- Publisher
- Taylor & Francis
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Decision Sciences (and Management Information Systems); Drexel University
- Other Identifier
- 991019551687904721