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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

Keywords

precision engineering, productivity, decision rule, guard band, simulation, risk-analysis

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 July 20, 2024)

Issues

If you have any questions about this publication or are having problems accessing it, please contact reflib@nist.gov.

Created July 1, 2009, Updated May 1, 2017