Product Manufacturing Economics and Process Monitoring

This lecture covers the costs in manufacturing, quality and variations in processing, quantification of process limits, methods for process monitoring, source of costs, raw materials, equipment costs, labor, engineering, overhead, hourly compensation costs, statistical quality control, inspections tools, accuracy, precision, resolution, metrology tools, normal distribution, process variability, control charts, process monitoring, process capability, Taguchi loss function, and examples of quality control in production.