Haripriya B, Assistant Professor
Department of Science and Humanities, Sri Krishna College of Technology, Coimbatore-641042, Tamilnadu, India.
Sangeetha V, Assistant Professor
Department of Statistics, PSG College of Arts and Science, Coimbatore – 641014, Tamilnadu, India.
Economic Model Using Double Sampling Plan(n2 = 2n1)Based On Binomial Distribution
Authors
Abstract
An Acceptance sampling plan is the overall design for accepting or rejecting a lot based on samples. Acceptance sampling plan plays a vital role in quality control. In this paper, we design an economic model to determine the double sampling plan ( ) that minimizes the consumer’s and the producer’s total quality cost while satisfying both the producer’s and consumer’s risk and quality requirements. Examples are show that the optimal sampling plan is quite sensitive to the producer’s product quality.