Unformatted text preview: imperfect products. Again relating to the example provided the company needed to decide if replacing a worn tool was cost effective. They tried to produce the product at the higher end of the specs, so as it wore it would near the lower end of the specs and untimely the company would get to use the tool a little longer. However by using the TLF, they may find that their loss incurred by these variations may be more than it would cost to simply replace the tool more often....
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- Spring '11
- Taguchi methods, taguchi loss function, Loss function