Economic design of continuous sampling plan under linear inspection cost

The article explores the problem of an economically based type I continuous sampling plan (CSP-1 plan) under linear inspection cost. By assuming that the per unit inspection cost is linearly proportional to the average number of inspections per inspection cycle, and by solving the modified Cassady et al.'s model, we not only have the required level of product quality but also obtain the minimum total expected cost per unit produced.

MoreLess

Year of publication:	2002
Authors:	Chen, Chung-Ho ; Chou, Chao-Yu
Published in:	Journal of Applied Statistics. - Taylor & Francis Journals, ISSN 0266-4763. - Vol. 29.2002, 7, p. 1003-1009
Publisher:	Taylor & Francis Journals

More details

Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005458439