Quality Control under Markovian Deterioration

Sheldon M. Ross
Additional contact information
Sheldon M. Ross: University of California, Berkeley

Management Science, 1971, vol. 17, issue 9, 587-596

Abstract: We suppose that a production process may be in any one of a countable number of states and that the quality of the item produced is a function of this underlying state. It is also supposed that the state of the process at time t is not known and only becomes known when an item is sampled. We suppose that there are inspection, production, and revision costs and provide a framework for handling problems of this nature. We also treat in detail a 2-state version of this problem, and in this case show that the optimal policy does not necessarily have the three region structure which intuition suggests.

Date: 1971
References: Add references at CitEc
Citations: View citations in EconPapers (32)

Downloads: (external link)
http://dx.doi.org/10.1287/mnsc.17.9.587 (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:17:y:1971:i:9:p:587-596

Access Statistics for this article

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