Economic screening procedures with multi-decision alternatives in logistic and normal models

Economic screening procedures with multi-decision alternatives in logistic and normal models

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Article ID: iaor19941367
Country: Switzerland
Volume: 22
Issue: 2
Start Page Number: 153
End Page Number: 160
Publication Date: Dec 1993
Journal: Engineering Optimization
Authors: ,
Keywords: quality & reliability, inspection
Abstract:

For situations where there are several markets with different profit/cost structures, economic screening procedures with dichotomous performance variable T and continuous screening variable X are proposed for determining the market to ship the products to. Logistic and normal models are considered. It is assumed that P[T=1•X=x] is given by a logistic function in the logistic model and X given T is normally distributed in the normal model. 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 a numerical example is given.

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