Process yield, the percentage of processed product units passing inspection, is a standard numerical measure of process performance in manufacturing industry. Based on the expression of process yield, Boyles (1994) presented a yield-measure index, S<SUB align="right"><SMALL>pk</SMALL></SUB>, for normally distributed processes. In...</small></sub>

Trade credit financing plays a vital role in current business operations. Vendors extend payment dates to encourage sales, and buyers are not required to pay immediately after receiving products. This is equivalent to receiving a price reduction. Besides, buyers reduce their need for capital...

This article argues that the presence of nondeceptive counterfeits may benefit the monopolist of genuine products in a durable good scenario. For a monopolist selling a durable good over time, the presence of counterfeits mitigates the monopolist's incentives to lower the price in later periods...

Process capability indices have been proposed in the manufacturing industry to provide numerical measures on process reproduction capability, which are effective tools for quality assurance and guidance for process improvement. In process capability analysis, the usual practice for testing...

Acceptance sampling plans are practical tools for quality assurance applications involving quality contract on product orders. The sampling plans provide the vendor and buyer decision rules for product acceptance to meet the preset product quality requirement. As the rapid advancement of...