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A backward recursive technique for optimal sequential sampling plans

A. W. Wortham and E. B. Wilson

Naval Research Logistics Quarterly, 1971, vol. 18, issue 2, 203-213

Abstract: This paper presents a procedure akin to dynamic programming for designing optimal acceptance sampling plans for item‐by‐item inspection. Using a Bayesian procedure, a prior distribution is specified, and a suitable cost model is employed depicting the cost of sampling, accepting or rejecting the lot. An algorithm is supplied which is digital computer oriented.

Date: 1971
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https://doi.org/10.1002/nav.3800180207

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Persistent link: https://EconPapers.repec.org/RePEc:wly:navlog:v:18:y:1971:i:2:p:203-213

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