Economic screening procedures in logistic and normal models

Sang Boo Kim and Do Sun Bai

Naval Research Logistics (NRL), 1990, vol. 37, issue 6, 919-928

Abstract: Economic screening procedures based on a continuous screening variable X in place of a dichotomous performance variable T are presented. Optimal critical values on the screening variable minimizing the expected cost are obtained for two models; it is assumed that X given T is normally distributed in normal model and P[T = 1|X] is a logistic function of X in the logistic model, and that costs are incurred by screening inspection and misclassification errors. Cases where some parameters are unknown are also considered.

Date: 1990
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https://doi.org/10.1002/1520-6750(199012)37:63.0.CO;2-E

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Persistent link: https://EconPapers.repec.org/RePEc:wly:navres:v:37:y:1990:i:6:p:919-928

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