journal-of-statistics-and-management-systems Journal of Statistics and Management Systems 2169-0014 0972-0510 Taru Publications 10.47974/JSMS-1209 Optimal process parameters setting based on time value of money Chen Chung-Ho Department of Industrial Management and Technology, 1 Nan-Tai Street, Yong-Kang Dist, Southern Taiwan University of Science and Technology, Tainan, 71005, Taiwan, R.O.C. Lee Tzu-Hsien Department of Industrial Management and Technology, 1 Nan-Tai Street, Yong-Kang Dist, Southern Taiwan University of Science and Technology, Tainan, 71005, Taiwan, R.O.C. 28 1 89 93 15 01 2025

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.

 Process parameters Taguchi’s cost Production run length Time value of money access open retracted no