Traditional, single time-period models of quality cost expenditures assume static conditions and ignore the impact of the learning curve effect on a firmÕs product quality, and that of quality improvement efforts by the competitors. In this paper we incorporate both factors in a dynamic model...

Traditional, single time‐period models of quality cost expenditures assume static conditions and ignore the impact of the learning curve effect on a firm’s product quality, and that of quality improvement efforts by the competitors. In this paper we incorporate both factors in a dynamic...