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Johnson (1992) developed the process loss index Le, which is defined as the ratio of the expected quadratic loss to the square of half specification width. Tsui (1997) expressed the index LeasLe=Lpe+Lot, which provides an uncontaminated separation between information concerning the potential...
Persistent link: https://www.econbiz.de/10005495270
We consider a principal who is keen to induce his agents to work at their maximal effort levels. To this end, he samples n days at random out of the T days on which they work, and awards a prize of B dollars to the most productive agent. The principal's policy (B,n) induces a strategic game...
Persistent link: https://www.econbiz.de/10005464023
In this paper, we intend to develop a new unit root testing procedure. The novelty of this methodology includes (1) accommodating possible trend breaks of unknown number, unknown dates, and unknown form by employing the Fourier form without directly estimating such breaks; (2) considering...
Persistent link: https://www.econbiz.de/10010737999
Acceptance sampling has been one of practical tools for quality assurance applications, which provide a general rule to the producer and the consumer for product acceptance determination. It has been shown that variables sampling plans requires less sampling compared with attributes sampling...
Persistent link: https://www.econbiz.de/10010597642
This paper attempts to develop a sampling inspection scheme by variables based on process performance index for product acceptance determination, which examines the situation where resampling is permitted on lots not accepted on original inspection. The equations for plan parameters, the...
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