Mechanism for Forming Economic Losses from Error

Abstract

This article discusses factors affecting the accuracy of measurements and forming economic losses of
production from an increase in the error of measuring instruments, the mechanism for generating
economic losses from the error of selected measuring instruments, which consists in the presence of
unaccounted financial losses. Based on examples from the practice of mechanical engineering, the
need is substantiated for the constant striving for the nominal value and for reducing the spread of
parameter values even within the boundaries established by normative documentation and standards.
The Taguti loss function is presented, which is a new approach for determining quality indicators
within tolerances, at a small deviation from the boundaries of the nominal error value, and is intended
to describe the dependence of losses related to the values of the quality indicator from the value of the
quality indicator itself.