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This paper develops a logistic approximation to the cumulative normal distribution. Although the literature contains a vast collection of approximate functions for the normal distribution, they are very complicated, not very accurate, or valid for only a limited range. This paper proposes an...
Persistent link: https://www.econbiz.de/10011898596
This paper develops a logistic approximation to the cumulative normal distribution. Although the literature contains a vast collection of approximate functions for the normal distribution, they are very complicated, not very accurate, or valid for only a limited range. This paper proposes an...
Persistent link: https://www.econbiz.de/10011938905
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For the manufacturer that intends to reduce the processing costs without sacrificing product quality, the identification of the optimal process mean is a problem frequently revisited. The traditional method to solving this problem involves making assumptions on the process parameter values and...
Persistent link: https://www.econbiz.de/10009249575
For any given manufacturing system, the initial setting of the process target is critical in preventing excessive product rejection and rework costs. Often referred to as the 'process target problem', the traditional approach relies first on the assumption of certain values for the process mean...
Persistent link: https://www.econbiz.de/10010667480