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