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cost of quality

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  • cost of quality — The total costs of ensuring good quality or rectifying poor quality. Ultimately, by improving quality managers will reduce costs and improve profits. Four categories of costs are useful for this analysis: • prevention costs. These are the costs… …   Accounting dictionary

  • cost of quality — The total costs of ensuring good quality or rectifying poor quality. Ultimately, by improving quality managers will reduce costs and improve profits. Four categories of costs are useful for this analysis: • prevention costs. These are the costs… …   Big dictionary of business and management

  • Inverse Cost and Quality Law — The Inverse Cost and Quality Law attempts to formalize any Hollywood cinema production characterized by a large budget and, by negative correlation, poorly perceived critical attributes. The American writer, David Foster Wallace… …   Wikipedia

  • Quality costs — The concept of quality costs is a means to quantify the total cost of quality related efforts and deficiencies. It was first described by Armand V. Feigenbaum in a 1956 Harvard Business Review article.[1] Prior to its introduction, the general… …   Wikipedia

  • Quality audit — Software Testing portal Quality audit is the process of systematic examination of a quality system carried out by an internal or external quality auditor or an audit team. It is an important part of organization s quality management system and is …   Wikipedia

  • quality control — The activities and techniques used to achieve and maintain a high standard of quality in a transformation process. They may include systematic inspection of inputs and outputs, or a sample of inputs and outputs at various stages in their… …   Big dictionary of business and management

  • Cost of poor quality — (COPQ) or poor quality costs (PQC), are defined as costs that would disappear if systems, processes, and products were perfect. COPQ was popularized by IBM quality expert H. James Harrington in his 1987 book Poor Quality Costs.[1] COPQ is a… …   Wikipedia

  • Quality (pragmatics) — Quality in business, engineering and manufacturing has a pragmatic interpretation as the non inferiority or superiority of something. This is the most common interpretation of the term quality.Many different techniques and concepts have evolved… …   Wikipedia

  • Cost-effectiveness analysis — (CEA) is a form of economic analysis that compares the relative costs and outcomes (effects) of two or more courses of action. Cost effectiveness analysis is distinct from cost benefit analysis, which assigns a monetary value to the measure of… …   Wikipedia

  • Cost–utility analysis — (CUA) is a form of financial analysis used to guide procurement decisions. The most common and well known application of this analysis is in pharmacoeconomics, especially health technology assessment (HTA). Contents 1 CUA in health economics 1.1… …   Wikipedia

  • Quality-adjusted life years — Quality adjusted life years, or QALYs, is a way of measuring disease burden, including both the quality and the quantity of life lived, as a means of quantifying in benefit of a medical intervention. The QALY model requires utility independent,… …   Wikipedia

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