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What (who) is quality cost optimization - definition

MANAGEMENT APPROACH ORIGINALLY DEVELOPED TO THE BRITISH AUTOMOTIVE INDUSTRY

Quality, Cost, Delivery; QCDMS

Quality, cost, delivery

Quality, cost, delivery (QCD), sometimes expanded to quality, cost, delivery, morale, safety (QCDMS), is a management approach originally developed by the British automotive industry.Department for Trade and Industry, Quality, cost, delivery: measuring business performance, page 2, published March 2005, accessed 2 March 2022 QCD assess different components of the production process and provides feedback in the form of facts and figures that help managers make logical decisions.

https://en.wikipedia.org/wiki/Quality,_cost,_delivery

Cost, Texas

HUMAN SETTLEMENT IN TEXAS, UNITED STATES OF AMERICA

Cost, TX

Cost is an unincorporated community in Gonzales County, Texas, United States. According to the Handbook of Texas, the community had an estimated population 62 in 2000.

https://en.wikipedia.org/wiki/Cost,_Texas

Mathematical optimization

STUDY OF MATHEMATICAL ALGORITHMS FOR OPTIMIZATION PROBLEMS

Mathematical programming; Optimisation; Optimization theory; Cost functional; Optimal; Optimum; Searching the search space; Optimisation (mathematics); Optimization glossary; Numerical optimization; Mathematical optimisation; Optimizer; Optimation; Ordinal optimization; Energy function; Optimizing; Function optimization; Optimization algorithm; Optimal allocation; Optimization; Optimization (mathematics); Numerical optimisation; Optimally; Make the most out of; Make the most of; Numerical optimization problem; Computational optimization techniques; Mathematical optimization algorithms; Applications of mathematical optimization; Applications of optimization; Algorithms for optimization; Algorithms for solving optimization problems; Automated optimization; Interior solution (optimization); History of mathematical optimization; Algorithm's optimality; Optimization problems in economics; Optimization problems in electrical engineering; Optimization of electrical circuits; Optimization of electronic circuits; Optimization heuristic; Optimization (mathematical); Optimization in electrical engineering

Mathematical optimization (alternatively spelled optimisation) or mathematical programming is the selection of a best element, with regard to some criterion, from some set of available alternatives."The Nature of Mathematical Programming ," Mathematical Programming Glossary, INFORMS Computing Society.

https://en.wikipedia.org/wiki/Mathematical_optimization

Wikipedia

Quality, cost, delivery

Quality, cost, delivery (QCD), sometimes expanded to quality, cost, delivery, morale, safety (QCDMS), is a management approach originally developed by the British automotive industry. QCD assess different components of the production process and provides feedback in the form of facts and figures that help managers make logical decisions. By using the gathered data, it is easier for organizations to prioritize their future goals. QCD helps break down processes to organize and prioritize efforts before they grow overwhelming.

QCD is a "three-dimensional" approach. If there is a problem with even one dimension, the others will inevitably suffer as well. One dimension cannot be sacrificed for the sake of the other two.

https://en.wikipedia.org/wiki/Quality, cost, delivery