Economic Consequences of Measurement Errors

In this article John Napper highlights the monetary effect of measurement errors for the loading of road tankers. His example of a terminal with 40 million litres per month where 0.1% error is equivalent to £200,000 per annum highlights the problem. He indicates sources of error and the way that mic...

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Main Author: John Napper
Format: Article
Language:English
Published: SAGE Publishing 1986-06-01
Series:Measurement + Control
Online Access:https://doi.org/10.1177/002029408601900507
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spelling doaj-098f885be8684b18b1c6b6a49db78f352020-11-25T03:22:12ZengSAGE PublishingMeasurement + Control0020-29401986-06-011910.1177/002029408601900507Economic Consequences of Measurement ErrorsJohn NapperIn this article John Napper highlights the monetary effect of measurement errors for the loading of road tankers. His example of a terminal with 40 million litres per month where 0.1% error is equivalent to £200,000 per annum highlights the problem. He indicates sources of error and the way that microprocessors can control errors and thereby avoid the large financial consequences.https://doi.org/10.1177/002029408601900507
collection DOAJ
language English
format Article
sources DOAJ
author John Napper
spellingShingle John Napper
Economic Consequences of Measurement Errors
Measurement + Control
author_facet John Napper
author_sort John Napper
title Economic Consequences of Measurement Errors
title_short Economic Consequences of Measurement Errors
title_full Economic Consequences of Measurement Errors
title_fullStr Economic Consequences of Measurement Errors
title_full_unstemmed Economic Consequences of Measurement Errors
title_sort economic consequences of measurement errors
publisher SAGE Publishing
series Measurement + Control
issn 0020-2940
publishDate 1986-06-01
description In this article John Napper highlights the monetary effect of measurement errors for the loading of road tankers. His example of a terminal with 40 million litres per month where 0.1% error is equivalent to £200,000 per annum highlights the problem. He indicates sources of error and the way that microprocessors can control errors and thereby avoid the large financial consequences.
url https://doi.org/10.1177/002029408601900507
work_keys_str_mv AT johnnapper economicconsequencesofmeasurementerrors
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