Opening book details…
Can I read Proposing a New Approach to Discussing Economic Effects of Design Quality on EtoBox?
Proposing a New Approach to Discussing Economic Effects of Design Quality by Johannes Freiesleben is a Business, Management and Accounting article available to read on EtoBox.
What is Proposing a New Approach to Discussing Economic Effects of Design Quality about?
As the concept of Six Sigma has been the dominant theme in the recent wave of quality initiatives, a body of related theoretical work slowly starts to evolve. Some contributions discuss the economic implications of better production quality and therewith provide the rationale for companies to strive for Six Sigma defect levels. Opposed to this, the complementary concept of design quality has received little recent attention. Previous contributions in the economics, operations or marketing literatures equate design quality to product differentiation and analyse economic implications of different product categories. However, this discussion is not providing insights into the economic effects of deviating from design optimality in the choice of a product's design. Such analysis would have great relevance for companies as they aim at addressing customer needs in the most precise way possible to avoid failure in the market. In this paper, we therefore discuss the economic effects of design quality using a novel focus on deviations from optimum designs. We find that deviations from both optimal feature composition and optimal production technology likely result in losses similar to those
Who reads Proposing a New Approach to Discussing Economic Effects of Design Quality?
It is typically read by researchers, students, and practitioners in Business, Management and Accounting.
- Author
- Johannes Freiesleben
- Publisher
- Elsevier Science; Elsevier ; Elsevier BV (ISSN 0925-5273)
- Published
- 2010
- Language
- EN
- Field
- Business, Management and Accounting (Social Sciences)