Date

1966

Document Type

Thesis

Degree

Master of Science

Department

Industrial Engineering

First Adviser

John W. Adams

Abstract

One common technique for determining an economically optimum sampling plan is based on the costs of sampling, and the previous distribution of fraction defective in submitted lots, the prior distribution. Knolwdge concerning the prior distribution is usually imprecise, so it is important to know how the cost of a sampling plan is affected if an erroneous assumption concerning the prior distribution is made, or if the prior distribution changes after a sampling plan is selected.

Included in

Economics Commons

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