Optimizing the Search for Cost Deviation Sources
The typical statistical cost control model determines when a cost deviation is significant, but does not determine the optimum search procedure for restoring the process to a state of control. This search procedure is important because any given cost deviation may be the result of a number of individual causes and each cause requires different search activity. A model is developed (and subsequently extended) for determining the optimum sequence in which to examine the various possible causes.
Year of publication: |
1970
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Authors: | Demski, Joel S. |
Published in: |
Management Science. - Institute for Operations Research and the Management Sciences - INFORMS, ISSN 0025-1909. - Vol. 16.1970, 8, p. 486-486
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Publisher: |
Institute for Operations Research and the Management Sciences - INFORMS |
Saved in:
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