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 Journal of Statistics and Management Systems cover
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

Optimal process parameters setting based on time value of money

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pp. 89–93Vol. 28Issue 1January 2025DOI: 10.47974/JSMS-1209XML
Received:
08 Feb 2023
Published Online:
15 Jan 2025
Article type:
Research Article
Language:
EN
Article no.:
JSMS-1209
Pages:
89–93

Abstract

In this research, we consider the process parameters setting by addressing Taguchi’s cost for product and process adjustment with time value of money. The process parameters with the constant standard deviation and linear mean drift are considered. Some parameters with optimal process parameters and production run length are determined.

Keywords

Subject Classifications

60E05 Probability distributions: general theory

References

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