QUESTION #3 IS NEEDED Stahman, Inc., estimates its hidden external failure costs using the Taguchi...
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QUESTION #3 IS NEEDED
Stahman, Inc., estimates its hidden external failure costs using the Taguchi loss function. Stahlman produces plastic sheets that vary in thickness and grade. For one of its large-volume products, it was determined that k = $26,000 and T = 0.26 inches in diameter. A sample of four units produced the following values:
Unit No.
Actual Diameter (y)
1
0.26
2
0.27
3
0.23
4
0.26
Required:
1. Calculate the average loss per unit. Round your intermediate calculations to six decimal places. If required, round your answer to the nearest cent and use the same in subsequent requirements. $ 6.5 per unit
2. Assuming that 130,000 units were produced, what is the total hidden cost?
$845,000
3. Assume that the multiplier for Stahmans hidden external failure costs is five. What are the measured external costs?
$ IS MISSING
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