Economic complete inspection plans with multi-decision alternatives

S. H. Hong, E Elsayed

Research output: Contribution to journalArticle

12 Citations (Scopus)

Abstract

In situations where there are several markets with different price/cost structures, economic complete inspection plans are developed for determining the best market for each product. Two complete inspection plans are considered; an inspection based on a performance variable of interest, and an inspection based on a screening variable which is highly correlated with the performance variable. Profit models for linear and quadratic quality cost functions are constructed which include selling price, cost incurred by imperfect quality, and quality inspection cost. Methods of finding the optimal inspection plan and a numerical example are presented.

Original languageEnglish (US)
Pages (from-to)3367-3378
Number of pages12
JournalInternational Journal of Production Research
Volume36
Issue number12
DOIs
StatePublished - Jan 1 1998

Fingerprint

Inspection
Economics
Costs
Cost functions
Profitability
Sales
Screening

All Science Journal Classification (ASJC) codes

  • Industrial and Manufacturing Engineering
  • Strategy and Management
  • Management Science and Operations Research

Cite this

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Economic complete inspection plans with multi-decision alternatives. / Hong, S. H.; Elsayed, E.

In: International Journal of Production Research, Vol. 36, No. 12, 01.01.1998, p. 3367-3378.

Research output: Contribution to journalArticle

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