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Could you please summarize and re-produce the result for this article in a nice report and include all the graphs & and tables in the report?
Integration of Quality Cost to Economic Service Life
machine seems to be deteriorated and it may not function exactly well. It may result in customer dissatisfaction and quality cost. This paper deals with the determination of economic service life when considering quality cost. The cost of quality is measured by using a well-known quality loss function, quadratic loss function. The result shows that integrating quality cost to the model of economic service life would make the economic service life shorter. Index Terms—Quality cost, economic service life, quality loss function. I. INTRODUCTION You have probably seen a 50 year-old automobile still in service. Provided it received proper repair and maintenance, almost anything can be kept operating for an extended period of time. If we can keep any cars operating for an almost indefinite period, why don’t we spot more old cars on the street? There may be several reasons. Some people get tired of driving the same old car. Others may want to keep a car as long as it will last, but they realize that the repair and maintenance costs will become excessive. This is an example of studying economic service life given by [1]. Economic service life is defined as the period of useful life that minimizes the equivalent annual cost of an asset. Normally, to determine the equivalent annual cost of an asset, two types of costs are considered. One type is the investment of an asset and the other type is an asset’s operating and maintenance (O&M) costs. In the case of using an asset for a long period of time, the equivalent annual cost of the investment seems to be low whereas that of the operating and maintenance costs tend to be high. On the other hand, in the case of using an asset for a short period of time, the equivalent annual cost of the investment seems to be high whereas that of the operating and maintenance costs tend to be low. Obtaining economic service life then needs to trade-off between those two types of costs. This paper is not considering an economic service life for any asset. The asset taking into account of this paper is a machine or equipment that can produce goods or services. New machine or equipment normally provides goods or services about the customers’ desired target. This paper assumes that only one quality characteristic is taken into an account that is the customer satisfaction. Using of the machine for quite a while, the machine seems to be

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Integration of Quality Cost to Economic Service Life
 
Integration of Quality Cost to Economic Service Life
Integration of Quality Cost to Economic Service Life
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Contents 
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Integration of Quality Cost to Economic Service Life
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Summary
If any equipment or machine is used consistently for a long period of time, it deteriorates, due 
to wear and tear, therefore, it stops working as original level is desired which certainly 
displeased the user and consequently, add to quality cost.  
The paper, ‘Integration of quality cost to economic service life’ by ‘Jirarat 
Teeravaraprug’ attempts to determine economic service life of an asset that can produce 
goods or services taking quality cost and a single characteristic, customer satisfaction into 
account. The topic economic service life is crucial to study for the understanding of real 
world because people in any market economy are rational, therefore, no individual keep the 
equipment or machine for an almost indefinite period of time while few of them get bored of 
using the same equipment or machine others do want to keep the item as long as it will last, 
but they understand that the wear and tear cost will become excessive. The period of useful 
life of an asset which minimizes the equivalent yearly cost of it is known as economic service 
life. The researcher in this paper has used a quality loss function to measure the quality of the 
cost and customer dissatisfaction.

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