As an Amazon Associate I earn from qualifying purchases.

Nominal Value Notes: Definitions & Explanations PDF | Download eBooks

Study Nominal Value lecture notes PDF with total quality management definitions and explanation to study “What is Nominal Value?”. Study nominal value explanation with TQM terms to review total quality management course for online MBA programs.

Nominal Value Definition:

Nominal Value Notes:

For every product, a specific measurement is desired which must be fulfilled by the product. This desired measurement is called nominal value. The quality of the product is determined by comparing the actual measurement with the desired measurement i.e. nominal or target value. For example, if the radius of a metal rod is expected to be 5 cm, this value of 5cm refers to product?s target value. The nominal value is bound by a range of values to incorporate any common cause variations. The maximum value of measurement allowed for a product is called upper specification limit while the minimum allowed value is called lower specification limit.

Keep Learning with TQM Notes

What is Pilot Test?

In quality improvement and control, a special process called DMAIC is used. DMAIC is a five phase process. One phase ...

What is RUMBA?

In the design phase of DMAIC process, the problem identification is done. For this, business case is developed which includes ...

What is System View?

There are different management styles. A view of management which considers an organization as a system is called system view ...

What is Presidential Audit?

Presidential audit is a type of performance audited that is performed by the organization's president/CEO. Presidential audits are usually performed ...

What is Passively Solicited Customer Feedback?

Customer feedback obtained through customer-initiated methods come under passively solicited customer feedback. The feedback data collected by these means is ...

What is Average Outgoing Quality Limit?

Average outgoing quality (AOQ) is the quality of a batch of products after applying rectifying inspection. It is the average ...