Financial Justification of Nondestructive Testing

Demonstrating how to apply financial formulas to prove or disprove the utility of 100% Nondesctructive testing (NDT), this book helps readers build the financial case for their NDT projects. It not only explains how 100% inspection by high-tech methods can save money for a manufacturing organization, but also how to justify this cost. Providing examples of successful NDT implementation drawn from factory situations, the author describes high-tech inspection technology in the context of modern ISO Quality Standards, TQM theory, and Statistical Process Control. Placing NDT in the historical context of quality and inspection, the book provides three methods of calculation for proving its validity.