The value equation

Jorge I. Méndez-Díaz, Oswaldo Morales-Matamoros, Ricardo Tejeida-Padilla, Gilberto J. Vázquez-Espinosa

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

1 Scopus citations

Abstract

Value, from the point of view of customer, is defined as the customer's subjective evaluation, adjusted for cost, of how well a good/service meets or exceeds expectations. Nevertheless, some aspects must be considerate, such as: quality, speed, and flexibility; these factors are considered in the value equation. In this work are explained what it is the value equation.

Original languageEnglish
Title of host publication53rd Annual Conference of the International Society for the Systems Sciences 2009
Subtitle of host publicationMaking Liveable, Sustainable Systems Unremarkable
Pages473-485
Number of pages13
StatePublished - 2009
Event53rd Annual Conference of the International Society for the Systems Sciences 2009: Making Liveable, Sustainable Systems Unremarkable - Brisbane, QLD, Australia
Duration: 12 Jul 200917 Jul 2009

Publication series

Name53rd Annual Conference of the International Society for the Systems Sciences 2009: Making Liveable, Sustainable Systems Unremarkable
Volume1

Conference

Conference53rd Annual Conference of the International Society for the Systems Sciences 2009: Making Liveable, Sustainable Systems Unremarkable
Country/TerritoryAustralia
CityBrisbane, QLD
Period12/07/0917/07/09

Keywords

  • Operations management
  • Performance
  • Value
  • Value equation

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