Abstract
This study provides a framework of target costing to extend its original scope when the underlying distribution is non-normal. The new specification limits can be derived by listening to the market price from Taguchi loss function. Later, the new specification limits can be linked through the non-normality-based Ĉ pk value along with non-normality-based X̄-R control charts to derive goal control limits. Moreover, an example is provided to illustrate the usefulness of the proposed framework of target costing by relentlessly reducing cost and improving product quality to gain competitiveness in the marketplace.
| Original language | English |
|---|---|
| Pages (from-to) | 424-433 |
| Number of pages | 10 |
| Journal | Journal of Systems Science and Systems Engineering |
| Volume | 16 |
| Issue number | 4 |
| DOIs | |
| Publication status | Published - 2007 Dec 1 |
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All Science Journal Classification (ASJC) codes
- Control and Systems Engineering
- Information Systems
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A framework of setting up goal control limits of target costing for non-normal distributions. / Wu, Hsin Hung; Yu, Fong Jung.
In: Journal of Systems Science and Systems Engineering, Vol. 16, No. 4, 01.12.2007, p. 424-433.Research output: Contribution to journal › Article
TY - JOUR
T1 - A framework of setting up goal control limits of target costing for non-normal distributions
AU - Wu, Hsin Hung
AU - Yu, Fong Jung
PY - 2007/12/1
Y1 - 2007/12/1
N2 - This study provides a framework of target costing to extend its original scope when the underlying distribution is non-normal. The new specification limits can be derived by listening to the market price from Taguchi loss function. Later, the new specification limits can be linked through the non-normality-based Ĉ pk value along with non-normality-based X̄-R control charts to derive goal control limits. Moreover, an example is provided to illustrate the usefulness of the proposed framework of target costing by relentlessly reducing cost and improving product quality to gain competitiveness in the marketplace.
AB - This study provides a framework of target costing to extend its original scope when the underlying distribution is non-normal. The new specification limits can be derived by listening to the market price from Taguchi loss function. Later, the new specification limits can be linked through the non-normality-based Ĉ pk value along with non-normality-based X̄-R control charts to derive goal control limits. Moreover, an example is provided to illustrate the usefulness of the proposed framework of target costing by relentlessly reducing cost and improving product quality to gain competitiveness in the marketplace.
UR - http://www.scopus.com/inward/record.url?scp=37549072224&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=37549072224&partnerID=8YFLogxK
U2 - 10.1007/s11518-007-5061-7
DO - 10.1007/s11518-007-5061-7
M3 - Article
AN - SCOPUS:37549072224
VL - 16
SP - 424
EP - 433
JO - Journal of Systems Science and Systems Engineering
JF - Journal of Systems Science and Systems Engineering
SN - 1004-3756
IS - 4
ER -