Should you Buy a New or Used Car? - The Bathtub Curve

Описание к видео Should you Buy a New or Used Car? - The Bathtub Curve

Greg discusses wether you should buy a new or used car using the bathtub curve as the best example to prove it. The bathtub curve (or the break-in period) is an engineering graph that illustrates the life cycle of any manufactured product. In this video Greg explains how it pertains to cars and whether you should buy a new car or a used car. Discussed are early failure rate, the stable phase and the end of life phase which make up the bathtub curve. Richard Deming introduced the concept that Toyota perfected. The Toyota Production System is discussed and how the TPS is the best quality control system in manufacturing.

Sweet Spot Video is here:    • Should You Buy a New or Used Car  

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