Economic criteria of production quality management and loss minimization

Economic Annals-ХХI: Volume 149, Issue 3-4(1), Pages: 76-79

Citation information:
Starkov, R., Sapozhnikov, A., & Lontsikh, P. (2015). Economic criteria of production quality management and loss minimization. Economic Annals-XXI, 3-4(1), 76-79. https://ea21journal.world/index.php/ea-v149-18/

Rafik Starkov
D.Sc. (Economics),
Professor,
Irkutsk State Technical University
83 Lermontov Str., Irkutsk, 664074, Russia
starckov.rafik@yandex.ru

Aleksey Sapozhnikov
D.Sc. (Economics),
Professor,
Bratsk State University
40 Makarenko Str., Bratsk, 665709, Russia
alescha.sapozhnikov@yandex.ru

Pavel Lontsikh
D.Sc. (Engineering),
Professor,
Irkutsk State Technical University
83 Lermontov Str., Irkutsk, 664074, Russia
palon@list.ru

Economic criteria of production quality management and loss minimization

Abstract. Purpose of the paper is to identify economic criteria of production quality management and determine the methods of loss minimization. Methods: comparative analysis, analogy, comparison and correlation. Results: economic advantages of standardization and metrology are determined. The list of quality cost components is defined; cost of quality analysis and assessment is provided. Assessing the relevance of the selection criteria for quality management in the management systems associated primarily with the objective of minimizing losses. Criteria for evaluating the quality of the quality management system and ways to minimize losses have been proposed. Conclusion: the authors’ research measuring the cost of quality can be part of any quality management program. The described methods provide real opportunities for the identification and measurement of quality costs.

Keywords: Quality Tools; Loss Minimization; PQC concept; Standardization; Metrology; Quality Management; Cost of Quality

JEL Classification: М11

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Received 02.02.2015