QUALITY LOSS FUNCTION
\kwˈɒlɪti lˈɒs fˈʌŋkʃən], \kwˈɒlɪti lˈɒs fˈʌŋkʃən], \k_w_ˈɒ_l_ɪ_t_i l_ˈɒ_s f_ˈʌ_ŋ_k_ʃ_ə_n]\
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A mathematical formula that was developed by Dr. Genichi Taguchi in Japan in which the result is listed in money terms. It is a formula that estimates the loss of quality that occurs as the result of a product having a variation from the desired quality.
By Henry Campbell Black
