Design of a CSP-1 plan based on regret-balanced criterion

Chung-Ho Chen and Chao-Yu Chou

Journal of Applied Statistics, 2000, vol. 27, issue 6, 697-701

Abstract: This article explores the problem of designing a CSP-1 plan with the specified average outgoing quality limit (AOQL), the acceptable quality level (AQL), and the limiting quality level (LQL) value. By adopting the regret-balanced criterion under the producer's and consumer's interests of quality, we can design the optimal CSP-1 plan.

Date: 2000
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DOI: 10.1080/02664760050081870

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