IDEAS home Printed from https://ideas.repec.org/a/wly/navres/v39y1992i4p471-485.html
   My bibliography  Save this article

Economic screening procedures using a correlated variable with multidecision alternatives

Author

Listed:
  • Do Sun Bai
  • Sung Hoon Hong

Abstract

Economic screening procedures using a correlated variable are developed for selecting markets in situations when there are several markets with different profit/ cost structures. It is assumed that the performance variable and the screening variable are jointly normally distributed. Profit models are constructed which involve three profit/cost components: profit from a conforming item, cost from an accepted nonconforming item, and screening inspection cost. Methods of finding the optimal screening procedures are presented and numerical examples are given.

Suggested Citation

  • 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.
    • Handle: RePEc:wly:navres:v:39:y:1992:i:4:p:471-485
    DOI: 10.1002/1520-6750(199206)39:43.0.CO;2-I
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/1520-6750(199206)39:43.0.CO;2-I
    Download Restriction: no
    File URL: https://libkey.io/10.1002/1520-6750(199206)39:43.0.CO;2-I?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. 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.
    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. Bai, Do Sun & Lee, Min Koo, 1995. "Minimum cost single and double screening procedures with dichotomous performance variable," International Journal of Production Economics, Elsevier, vol. 39(3), pages 255-264, May.
    2. R. J. Boys & K. D. Glazebrook & D. J. Laws, 1996. "A class of Bayes‐optimal two‐stage screens," Naval Research Logistics (NRL), John Wiley & Sons, vol. 43(8), pages 1109-1125, December.
    3. Hong, Sung Hoon & Kim, Sang Boo & Kwon, Hyuck Moo & Lee, Min Koo, 1998. "Economic design of screening procedures when the rejected items are reprocessed," European Journal of Operational Research, Elsevier, vol. 108(1), pages 65-73, July.
    4. Do Sun Bai & Hyuck Moo Kwon & Min Koo Lee, 1995. "An economic two‐stage screening procedure with a prescribed outgoing quality in logistic and normal models," Naval Research Logistics (NRL), John Wiley & Sons, vol. 42(7), pages 1081-1097, October.

    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.

      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:39:y:1992:i:4:p:471-485. 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.