ECONOMIC ASPECTS OF QUALITY MANAGEMENT

Abstract

The contribution is dealing with the economic aspects in terms of quality. It reveals various aspects of evaluating the economic variables in relation to meeting the quality requirements set for products. The article is an assessment of costs incurring to an organization to ensure quality also in the entire life cycle of the product. The contribution is a treatment of ways of evaluating costs of product life cycle as seen by the manufacturer and the customer as well, while paying due regard to the criteria of system recovery.