Purpose: This paper introduces a Bayesian two-sided group chain sampling plan (BT-SGChSP) by using binomial distribution to estimate the average proportion of defectives. In this Bayesian approach, beta distribution is used as a suitable prior of binomial distribution. The proposed plan...

Purpose: This paper introduces group chain acceptance sampling plans (GChSP) for a truncated life test at preassumed time by using the minimum angle method. The proposed method is an approach, where both risks associated with acceptance sampling, namely consumers’ and producer’s risks, are...

Objective - The aim of the article is to present the development of a simulation framework which identifies Malaysia Pension Fund main sources as well as the financial activities.Methodology/Technique - Numerous factors influencing the financial condition pension fund are summarized. Based on...