Cost of Quality
Cost of quality, abbreviated as COQ, is the sum of all costs associated with conformance and nonconformance.
Cost of Quality Formula |
\( COQ \;=\; AC + EFC + IFC + PC \) |
Symbol |
\( COQ \) = cost of quality |
\( AC \) = appraisal costs |
\( EFC \) = external failure costs |
\( IFC \) = internal failure costs |
\( PC \) = prevention costs |
Tags: Cost