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Hybrid ·Peer-reviewed·ISSN (Online): 2169-0014·ISSN (Print): 0972-0510

Monthly Journal: Publishes peer-reviewed aticles on theoretical and applied statistics and management systems, expoloring industrial statistics, actuarial and decision sciences.

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Open Access Research Article

Economic manufacturing quantity model with quality investment 

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pp. 673–680Vol. 27Issue 3March 2024DOI: 10.47974/JSMS-1219XML
Received:
05 Apr 2023
Published Online:
30 Mar 2024
Article type:
Research Article
Language:
EN
Article no.:
JSMS-1219
Pages:
673–680

Abstract

In this article, we propose the modified economic production problem by considering acceptance inspection for obtaining production quantity, mean, and quality investment. One considers unknown mean and known variability under the normal quality. The quality investment function is the declining exponential function of variability. One adopts Taguchi’s loss cost for evaluating quality.

Keywords

Subject Classifications

(2010) 60 Probability theory & stochastic processes

References

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