Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Ronen, Boaz | - |
dc.date.accessioned | 2006-02-15T16:43:57Z | - |
dc.date.available | 2006-02-15T16:43:57Z | - |
dc.date.issued | 1987-01 | - |
dc.identifier.uri | http://hdl.handle.net/2451/14470 | - |
dc.description.abstract | Quality Control sampling plans are normally chosen by using industrial and military standards. These standards do not involve economic considerations, and usually fail to meet cost considerations. The Information Economic approach presented in this paper suggests an easy to use methodology which determines the optimal plan for a given situation of a quality control Common quality control attributes like, AQL, LTPD, Operating Characteristics Curves and Quality Control Plans are shown as special cases of Information Economic Models. Theorems involving dominance among various of Quality Control plans are proved. The Blackwell Theorem on the relationship "Generally More Informativeâ is modified to accommodate to the Quality Control case. The major results of the paper include new algorithm to optimize the expected utility of decision makers. The value of information in Quality Control systems is assessed, and cost/effective analysis is carried out. | en |
dc.format.extent | 4383204 bytes | - |
dc.format.mimetype | application/pdf | - |
dc.language | English | EN |
dc.language.iso | en_US | - |
dc.publisher | Stern School of Business, New York University | en |
dc.relation.ispartofseries | IS-87-08 | - |
dc.subject | Quality Control | en |
dc.subject | Information Economics | en |
dc.subject | Value of Information | en |
dc.subject | Informativeness | en |
dc.title | AN INFORMATION VALUE APPROACH TO QUALITY CONTROL | en |
dc.type | Working Paper | en |
dc.description.series | Information Systems Working Papers Series | EN |
Appears in Collections: | IOMS: Information Systems Working Papers |
Files in This Item:
File | Description | Size | Format | |
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IS-87-08.pdf | 4.28 MB | Adobe PDF | View/Open |
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