Economical analysis for investment on measuring systems

Maria Xi Zhang; P.G. Maropoulos; Jafar Jamshidi; Nick Orchard

Economical analysis for investment on measuring systems

Maria Xi Zhang, P.G. Maropoulos, Jafar Jamshidi, Nick Orchard

Research output: Chapter in Book/Published conference output › Conference publication

Abstract

Metrology processes contribute to entire manufacturing systems that can have a considerable impact on financial investment in coordinate measuring systems. However, there is a lack of generic methodologies to quantify their economical value in today’s industry. To solve this problem, a mathematical model is proposed in this paper by statistical deductive reasoning. This is done through defining the relationships between Process Capability Index, measurement uncertainty and tolerance band. The correctness of the mathematical model is proved by a case study. Finally, several comments and suggestions on evaluating and maximizing the benefits of metrology investment are given.

Original language	English
Title of host publication	Proceedings of DET2011
Subtitle of host publication	7th international conference on Digital Enterprise Technology
Publication status	Published - 2011
Event	7th international conference on Digital Enterprise Technology - Athens, Greece Duration: 28 Sept 2011 → 30 Sept 2011

Conference

Conference	7th international conference on Digital Enterprise Technology
Abbreviated title	DET2011
Country/Territory	Greece
City	Athens
Period	28/09/11 → 30/09/11

Keywords

Metrology, Measurement, Economical Analysis, ,Process Capability Index, Statistical Process Control, Engineering(all), Economics, Econometrics and Finance(all), Decision Sciences(all)

Cite this

@inproceedings{59ac147e9a634c0a81f4b72cd56b83b7,

title = "Economical analysis for investment on measuring systems",

abstract = "Metrology processes contribute to entire manufacturing systems that can have a considerable impact on financial investment in coordinate measuring systems. However, there is a lack of generic methodologies to quantify their economical value in today{\textquoteright}s industry. To solve this problem, a mathematical model is proposed in this paper by statistical deductive reasoning. This is done through defining the relationships between Process Capability Index, measurement uncertainty and tolerance band. The correctness of the mathematical model is proved by a case study. Finally, several comments and suggestions on evaluating and maximizing the benefits of metrology investment are given.",

keywords = "Metrology, Measurement, Economical Analysis, ,Process Capability Index, Statistical Process Control, Engineering(all), Economics, Econometrics and Finance(all), Decision Sciences(all)",

author = "Zhang, {Maria Xi} and P.G. Maropoulos and Jafar Jamshidi and Nick Orchard",

year = "2011",

language = "English",

booktitle = "Proceedings of DET2011",

note = "7th international conference on Digital Enterprise Technology, DET2011 ; Conference date: 28-09-2011 Through 30-09-2011",

}

TY - GEN

T1 - Economical analysis for investment on measuring systems

AU - Zhang, Maria Xi

AU - Maropoulos, P.G.

AU - Jamshidi, Jafar

AU - Orchard, Nick

PY - 2011

Y1 - 2011

N2 - Metrology processes contribute to entire manufacturing systems that can have a considerable impact on financial investment in coordinate measuring systems. However, there is a lack of generic methodologies to quantify their economical value in today’s industry. To solve this problem, a mathematical model is proposed in this paper by statistical deductive reasoning. This is done through defining the relationships between Process Capability Index, measurement uncertainty and tolerance band. The correctness of the mathematical model is proved by a case study. Finally, several comments and suggestions on evaluating and maximizing the benefits of metrology investment are given.

AB - Metrology processes contribute to entire manufacturing systems that can have a considerable impact on financial investment in coordinate measuring systems. However, there is a lack of generic methodologies to quantify their economical value in today’s industry. To solve this problem, a mathematical model is proposed in this paper by statistical deductive reasoning. This is done through defining the relationships between Process Capability Index, measurement uncertainty and tolerance band. The correctness of the mathematical model is proved by a case study. Finally, several comments and suggestions on evaluating and maximizing the benefits of metrology investment are given.

KW - Metrology, Measurement, Economical Analysis, ,Process Capability Index, Statistical Process Control, Engineering(all), Economics, Econometrics and Finance(all), Decision Sciences(all)

UR - http://www.lms.mech.upatras.gr/DET2011/

M3 - Conference publication

BT - Proceedings of DET2011

T2 - 7th international conference on Digital Enterprise Technology

Y2 - 28 September 2011 through 30 September 2011

ER -

Economical analysis for investment on measuring systems

Abstract

Conference

Keywords

Other files and links

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