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PUBLICATIONS

Economics of Measurement Uncertainty and Tolerances

Published

Author(s)

Steven D. Phillips, J.M. Baldwin, William T. Estler

Abstract

Productivity is considered by considering Cobb-Douglas production function and focusing on total factor productivity (TFP). We argue that developed economies like the United States need to develop TFP by utilizing advances in computation power and insights into modeling the manufacturing process. An example of optimizing the inspection gauging limits by selecting the economically optimal decision rule is presented and further generalizations of optimizing the entire metrology system are discussed.
Proceedings Title
Proceedings of the ASPE 2009 Summer Topical Meeting: The Economies of Precision Engineering



Conference Dates
July 7-8, 2009
Conference Location
East Peoria, IL
Pub Type
Conferences

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Local Download

Keywords

precision engineering, productivity, decision rule, guard band, simulation, risk-analysis
Manufacturing, Metrology and Dimensional metrology

Citation

Phillips, S. , Baldwin, J. and Estler, W. (2009), Economics of Measurement Uncertainty and Tolerances, Proceedings of the ASPE 2009 Summer Topical Meeting: The Economies of Precision Engineering , East Peoria, IL, [online], https://tsapps.nist.gov/publication/get_pdf.cfm?pub_id=902981 (Accessed October 14, 2025)

Issues

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Created July 1, 2009, Updated May 1, 2017
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