appraisal costs

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Appraisal Costs

The costs a company incurs in making sure its products conform to customer needs or desires. Examples include field testing and focus groups. Appraisal costs are a type of quality cost.

appraisal costs

see QUALITY COSTS.
References in periodicals archive ?
Traditional physical inspection has generally been associated with appraisal cost. Appraisal is expensive because it requires inspectors, inspector training, appraisal equipment and the risk of producing significant quantities of nonconforming material prior to discovering a quality issue.
CoSQ = Prevention Cost + Appraisal Cost + Internal failure Cost + External failure Cost (2)
She cited longer wait times for appraisals--up to three weeks longer because work is now prioritized by the AMCs and not the appraisers--unpredictable appraisal quality, and higher fees since the consumer also pays the AMC's fee in the appraisal cost, as just a few reasons the HVCC is bad for home buyers.
It is suggested that appraisal cost is to be brought down by some preventive measures during production so that the system becomes foolproof.
No prevention and only small appraisal cost in considered 20 Lithuanian SMEs has been fixed.
These higher offers would presumably appeal to landowners and increase acceptance rates, but would reduce any FWS appraisal cost savings.
Some don't do it because of the hassle and the appraisal cost, but getting rid of the insurance by refinancing is much more of a hassle and the costs are much higher.
The $550 to $500 appraisal cost can provide plenty of information"
While Figure 13 shows the quarterly costs against conformance quality levels, Figure 14 contains the cumulative cost profiles over the three-year horizon for various combinations of quarterly appraisal cost and quarterly prevention cost.
To obtain this reduction in external failure costs, however, an additional prevention cost must be incurred (movement to the right on the prevention and appraisal cost curve in Figure 1).
Responses to the OCC indicated that while the average increase in the appraisal cost would be $148.20, the mean loss rate suffered in the loans of $100,000 or less, but above $50,000, was $125.19.
Appraisal costs are costs of inspection and audit, but these activities are so pervasive and complex that a listing of some appraisal cost contributions is necessary.