Taguchi loss functions can be used to:

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$1$ point

Define the variation $(+$ or $-)$ around the target that is acceptable.

Create a set of observations of variation that can be plotted looking for signs of deterioration

Determine the cost to the company of production outside the variation allowed.

Indicatie that a piece of equipment needs adjustment, repair, or replacement.

$[$Checkbox $-$ multiple options required$]$

$].$ First come, first served $($FCFS$)$ is a scheduling model often used:

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$1$ point

In service delivery.

Considers the length of time the service will require.

Considers the availability of specialist resources.

Where the only criterion is the arrival time of the customer.