Economic lot disposition policies for single attribute sampling plans

G Kemble Bennett, Rw Lane and Jw Schmidt

Omega, 1974, vol. 2, issue 3, 407-410

Abstract: Traditionally, single sampling plans have provided but two possible lot disposition policies, either to (1) accept or reject and screen, or to (2) accept or reject and scrap. This is particularly true of statistical designs. Economically based plans, however, provide a framework wherein several lot disposition policies may be invoked in accordance with estimated lot quality. This paper illustrates how such designs may be realized.

Date: 1974
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