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Anti-dumping and Anti-trust Issues in Free-trade Areas. By G.Z. Marceau. Oxford and New York: Clarendon Press, 1994. Pp. xli, 343. - International Trade and Investment Law in Canada. By Robert K. Paterson Marline M.N. Band Jock A. Finlayson and Jeffrey S. Thoma...
In: The Canadian yearbook of international law: Annuaire canadien de droit international, Band 33, S. 469-478
ISSN: 1925-0169
A Generalized Loss Function for Process Optimization
In: Decision sciences, Band 25, Heft 1, S. 41-56
ISSN: 1540-5915
ABSTRACTThe use of loss functions for measuring the undesirability associated with failure to achieve target values for manufacturing product characteristics is widespread in industry. This study presents a generalization of one of the most commonly used loss functions and compares the two functions based on five theoretical criteria. A simulation involving multiple probability distributions for a single product characteristic is used to compare the performance of the loss functions. An example from the manufacture of helicopter transmission gears is used to empirically demonstrate the superiority of the generalized loss function over the conventional loss function.