IDEAS home Printed from https://ideas.repec.org/a/wly/navres/v37y1990i6p905-918.html
   My bibliography  Save this article

Economic design of sampling plans with multi‐decision alternatives

Author

Listed:
  • Do Sun Bai
  • Sung Hoon Hong

Abstract

For situations where there are several markets with different profit‐cost structures, economic attributes sampling plans are developed for determining the market to ship the lot to. Two sampling plans are considered; the fixed‐size sampling plan with several levels of acceptance numbers, and the inverse sampling plan with several levels of sample sizes. Linear profit models are constructed which involve four profit/cost components; profit from a conforming item, inspection cost, replacement cost, and cost from an accepted nonconforming item. For fixed‐size and inverse sampling plans, methods of finding optimal sampling plans are presented and examples with beta‐binomial prior distributions are given.

Suggested Citation

  • Do Sun Bai & Sung Hoon Hong, 1990. "Economic design of sampling plans with multi‐decision alternatives," Naval Research Logistics (NRL), John Wiley & Sons, vol. 37(6), pages 905-918, December.
  • Handle: RePEc:wly:navres:v:37:y:1990:i:6:p:905-918
    DOI: 10.1002/1520-6750(199012)37:63.0.CO;2-W
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/1520-6750(199012)37:63.0.CO;2-W
    Download Restriction: no

    File URL: https://libkey.io/10.1002/1520-6750(199012)37:63.0.CO;2-W?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. George Tagaras & Hau L. Lee, 1987. "Optimal Bayesian single‐sampling attribute plans with modified beta prior distribution," Naval Research Logistics (NRL), John Wiley & Sons, vol. 34(6), pages 789-801, December.
    2. Kenneth E. Case & Shao‐Shing Chen, 1985. "Some recent findings in bayesian attribute single and double sampling," Naval Research Logistics Quarterly, John Wiley & Sons, vol. 32(1), pages 71-79, February.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Do Sun Bai & Sung Hoon Hong, 1992. "Economic screening procedures using a correlated variable with multidecision alternatives," Naval Research Logistics (NRL), John Wiley & Sons, vol. 39(4), pages 471-485, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shoshana Anily & Abraham Grosfeld-Nir, 2006. "An Optimal Lot-Sizing and Offline Inspection Policy in the Case of Nonrigid Demand," Operations Research, INFORMS, vol. 54(2), pages 311-323, April.
    2. Carlos Pérez-González & Arturo Fernández, 2013. "Classical versus Bayesian risks in acceptance sampling: a sensitivity analysis," Computational Statistics, Springer, vol. 28(3), pages 1333-1350, June.
    3. George Tagaras & Hau L. Lee, 1987. "Optimal Bayesian single‐sampling attribute plans with modified beta prior distribution," Naval Research Logistics (NRL), John Wiley & Sons, vol. 34(6), pages 789-801, December.
    4. Hau L. Lee & George Tagaras, 1989. "On the robustness of the modified beta distribution for acceptance sampling in statistical quality control," Naval Research Logistics (NRL), John Wiley & Sons, vol. 36(4), pages 447-461, August.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:navres:v:37:y:1990:i:6:p:905-918. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://doi.org/10.1002/(ISSN)1520-6750 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.