The determination of economic production run length and manufacturing target by considering quality loss function

2008 ◽  
Vol 11 (1) ◽  
pp. 141-157 ◽  
Author(s):  
Chung-Ho Chen
Keyword(s):  
Loss Function ◽  
Quality Loss ◽  
Quality Loss Function ◽  
Run Length ◽  
Economic Production ◽  
Production Run

Applying the Quality Loss Function in Healthcare

2008 ◽  
pp. 102-107
Author(s):  
Elizabeth Cudney ◽  
Bonnie Paris
Keyword(s):  
Health Care ◽  
Loss Function ◽  
Health Care Services ◽  
Quadratic Loss ◽  
Healthcare Industry ◽  
Quality Loss ◽  
Quality Loss Function ◽  
Quadratic Loss Function ◽  
Care Services ◽  
Fundamental Value

Using the quadratic loss function is one way to quantify a fundamental value in the provision of health care services: we must provide the best care and best service to every patient, every time. Sole reliance on specification limits leads to a focus on “acceptable” performance rather than “ideal” performance. This paper presents the application of the quadratic loss function to quantify improvement opportunities in the healthcare industry.

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