EconPapers    
Economics at your fingertips  
 

Markovian Decision Models for Reject Allowance Problems

Morton Klein
Additional contact information
Morton Klein: Columbia University

Management Science, 1966, vol. 12, issue 5, 349-358

Abstract: Most manufacturing processes produce some defective items. To compensate for this, the total quantity produced in attempting to satisfy an order is larger than the order size. The excess is called a reject allowance. In this paper it is shown how the Markovian decision framework can be used to determine the amount to produce when production is, or can be, divided so that the products can be inspected before the production run is ended.

Date: 1966
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://dx.doi.org/10.1287/mnsc.12.5.349 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:12:y:1966:i:5:p:349-358

Access Statistics for this article

More articles in Management Science from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Chris Asher ().

 
Page updated 2025-03-19
Handle: RePEc:inm:ormnsc:v:12:y:1966:i:5:p:349-358