journal-of-statistics-and-management-systems Journal of Statistics and Management Systems 2169-0014 0972-0510 Taru Publications 10.47974/JSMS-1240 Process variance setting and quality investment selection for modified traditional inventory model Chen Chung-Ho Department of Industrial Management and Information, 1 Nan-Tai Street, Southern Taiwan University of Science and Technology, Yong-Kang Distri, Tainan, 710, Taiwan, R.O.C. Lee Tzu-Hsien Department of Industrial Management and Information, 1 Nan-Tai Street, Southern Taiwan University of Science and Technology, Yong-Kang Distri, Tainan, 710, Taiwan, R.O.C. 27 8 1683 1689 18 12 2024

This work discusses inventory model based on EMQ, process variance, and parameters of inspection plan in the first step. Then the optimal quality investment for reducing process variance is determined in the second step.  In this article, we consider the modified inventory model with EMQ, process variance, and parameters of inspection plan in the first step. Then the optimal quality investment for reducing process bias is determined in the second step.

 EMQ Acceptance sampling Mean Investment of quality access open retracted no