production value. The objective then is to improve quality by minimizing the quadratic loss function which reflects the loss of …'s concept of quality loss function.: 23-36, 1987, Quality Engineering 1:63-77, 1988, Cho, Quality Engineering 6: 401-417, 1994 …) addressed the problem of deriving a loss function to be applied for determining the design of specification limits. This article …

asymmetric loss function (i.e. of a preference for underprediction or overprediction), and potential benefits from forecast …

quadratic loss function underlying traditional thinking on monetary policy. This paper studies the one-period optimal monetary … policy problem under an asymmetric loss function corresponding to the "opportunistic approach" to disinflation and a convex … unemployment. For parameter values relevant to the U.S., it is found that the asymmetric loss function yields an average inflation …

quadratic loss function underlying traditional thinking on monetary policy. This paper studies the one-period optimal monetary … policy problem under an asymmetric loss function corresponding to the "opportunistic approach" to disinflation and a convex … unemployment. For parameter values relevant to the U.S., it is found that the asymmetric loss function yields an average inflation …