A NOTE ON MINIMIZING THE TOTAL LOSS FOR TWO QUALITY CHARACTERISTICS WITH ONE-SIDED SPECIFICATION LIMIT
Author(s):
Chun-His Wang1, Jan-Yee Kung2, Kuei-I Lee3, Win-Chin Lin4a, Chin-Chia Wu4, Nae-Sheng Wang4
Author Affiliation:
1Department of Accounting, National Taichung Institute of Technology, Taichung, Taiwan
2Department of Business Administration, Cheng Shiu University, Kaohsiung, Taiwan
3Department of Hospitality Management, Tunghai University, Taichung, Taiwan
4Department of Statistics, Feng Chia University, Taichung, Taiwan
This is an open access article distributed under the Creative Commons Attribution License CC BY 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited
Abstract
A single quality characteristic of a product is typically considered on the development of economic specification limits in the recent researches. However, from the view of the customers, products are often evaluated based on more than one quality characteristics. Due to the observation, this paper will not only develop an optimum process for two quality characteristics based on bivariate exponential distributions, but also provide a sensitivity analysis for the results.
KEYWORDS:
economic specification limits; two quality characteristics; optimum process