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Title: Mean-Squared Error As A Criterion For Managing A Measurement System
Author: Victor W. Lowe
Source: 1987 Measurement Science Conference
Year Published: 1987
Abstract: Many of the decisions facing the managers of measurement systems are special cases of the general problem of choosing between two competing measurement systems. The measurement system that does the best job of measuring a particular parameter is preferred over the system that does not do as well. But what is best and how is it measured? This paper explores those questions and demonstrates that many of the common decision rules based on accuracy and/or precision are suboptimal and can lead to inadvertently choosing measurement systems with undesirable properties

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