Economical analysis for investment on measuring systems

Xi Zhang, P G Maropoulos, J Jamshidi, Nick Orchard

Research output: Contribution to conferencePaper

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 languageEnglish
Publication statusPublished - 2011
Event7th International Conference on Digital Enterprise Technology - Athens, Greece
Duration: 28 Sep 201130 Sep 2011

Conference

Conference7th International Conference on Digital Enterprise Technology
CountryGreece
CityAthens
Period28/09/1130/09/11

Keywords

  • Metrology
  • Measurement
  • Economical Analysis
  • ,Process Capability Index
  • Statistical Process Control

ASJC Scopus subject areas

  • Engineering(all)
  • Economics, Econometrics and Finance(all)
  • Decision Sciences(all)

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  • Cite this

    Zhang, X., Maropoulos, P. G., Jamshidi, J., & Orchard, N. (2011). Economical analysis for investment on measuring systems. Paper presented at 7th International Conference on Digital Enterprise Technology, Athens, Greece.