The Long-Term Benefits of Quality Costs in Achieving Sustainable Development: A Benefit-Cost Analysis

Abstract

The future of the world is a topic that continues to generate debate and intrigue across generations, due to uncertainties and evolving concerns. As the industrial revolution, technological advancements, and urbanization have progressed, numerous challenges have arisen. Environmental pollution, income inequality at national and international levels, wars, and social conflicts all serve to underscore the significance of addressing future expectations. As a result, environmental, social, and economic sustainability has emerged as a pressing issue. In response, various economic and political calls have stressed the importance of sustainability. This study examines the relationship between sustainability and quality costs using a case example and explores a long-term benefitcost analysis. It is suggested that, although quality costs may be higher in the short term, they yield greater benefits in the long run, thereby contributing to sustainable development.

Innovative Development of Russian Regions: Assessment and Dynamics in the Context of Sustainable Development

“…The concept of sustainability centers on the concern for future generations and their ability to enjoy the same resources and quality of life as the present generation. This concern encompasses environmental, social, and economic aspects, including responsible consumption, transportation choices, and the consequences of natural disasters" [38].…”