... was simulated. Two market conditions were modelled: fixed and variable‐price according to the market response to changes in quality level. Optimum profits were found at higher levels of quality spending than actual company spending. The paper examines the details of the optimum condition for the variable‐price...

...John D. Rodgers The UK is at present fighting for its share of the market, on two fronts ‐ price and quality. The article explores the Value of Quality Costing, and the evils of multiple inspection, assessment and approvals. It covers some recent research on these topics and suggests...