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TitleDesign of a two-stage procedure for three-class screening
Creator唐揆
Kim, C.T.;Tang, Kwei;Peters, M.
Contributor企管系
Key WordsScreening; Correlated variable; Optimization; Production specifications
Date1994-12
Date Issued24-Aug-2016 17:23:32 (UTC+8)
SummaryA two-stage screening procedure is developed for a situation where an item is sold in one of two markets or scrapped. The item`s selling price and product specifications are different in both markets. In the first stage of the procedure, each item is inspected on a surrogate variable that is correlated with the perfornance variable of interest. If a decision is not reached at this point, the item is subjected to the second-stage of the procedure where it is inspected on the performance variable, and a classification decision is made. A loss in revenue is incurred by the producer when an item that meets the specifications of the higher-price market is sold in the lower-price market. The producer also sustains a cost when an item that does not conform to the product specifications of a market is sold in that market. The economic factors considered in the model, therefore, are the selling prices and the cost consequences resulting from decision errors. The optimal screening specification limits for known-parameter and unknown-parameters situations are derived by maximizing the expected profit per item.
RelationEuropean Journal of Operational Research, 79(3), 431-442
Typearticle
DOI http://dx.doi.org/10.1016/0377-2217(94)90057-4
dc.contributor 企管系
dc.creator (作者) 唐揆zh_TW
dc.creator (作者) Kim, C.T.;Tang, Kwei;Peters, M.
dc.date (日期) 1994-12
dc.date.accessioned 24-Aug-2016 17:23:32 (UTC+8)-
dc.date.available 24-Aug-2016 17:23:32 (UTC+8)-
dc.date.issued (上傳時間) 24-Aug-2016 17:23:32 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/100716-
dc.description.abstract (摘要) A two-stage screening procedure is developed for a situation where an item is sold in one of two markets or scrapped. The item`s selling price and product specifications are different in both markets. In the first stage of the procedure, each item is inspected on a surrogate variable that is correlated with the perfornance variable of interest. If a decision is not reached at this point, the item is subjected to the second-stage of the procedure where it is inspected on the performance variable, and a classification decision is made. A loss in revenue is incurred by the producer when an item that meets the specifications of the higher-price market is sold in the lower-price market. The producer also sustains a cost when an item that does not conform to the product specifications of a market is sold in that market. The economic factors considered in the model, therefore, are the selling prices and the cost consequences resulting from decision errors. The optimal screening specification limits for known-parameter and unknown-parameters situations are derived by maximizing the expected profit per item.
dc.format.extent 129 bytes-
dc.format.mimetype text/html-
dc.relation (關聯) European Journal of Operational Research, 79(3), 431-442
dc.subject (關鍵詞) Screening; Correlated variable; Optimization; Production specifications
dc.title (題名) Design of a two-stage procedure for three-class screening
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.1016/0377-2217(94)90057-4
dc.doi.uri (DOI) http://dx.doi.org/10.1016/0377-2217(94)90057-4