Application of renewal theory to continuous sampling plans

Grace L. Yang

Naval Research Logistics Quarterly, 1985, vol. 32, issue 1, 45-51

Abstract: Renewal theory is used to study the effectiveness of a class of continuous sampling plans first introduced by Dodge. This approach provides a simple way of viewing and computing the long‐run Average Outgoing Quality (AOQ) and its maximum AOQL. More importantly, it is used to study the average outgoing quality in a short production run through an approximation formula AOQ*(t). Formulas for AOQ and AOQ*(t) are provided. By simulation, it is found that AOQ*(t) is sufficiently accurate in situations corresponding to actual practice.

Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:wly:navlog:v:32:y:1985:i:1:p:45-51

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