Note—Optimal Inspection Policy in Sequential Screening

DOI10.1287/MNSC.37.8.1058zbMath0745.90029OpenAlexW2058257033MaRDI QIDQ3985145

June S. Park, Kwei Tang, Michael H. Peters

Publication date: 27 June 1992

Published in: Management Science (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1287/mnsc.37.8.1058

zbMATH Keywords

optimal stoppingsequential screeningBayesian approachbackward- recursive optimal algorithm

Mathematics Subject Classification ID

Bayesian problems; characterization of Bayes procedures (62C10) Reliability, availability, maintenance, inspection in operations research (90B25) Dynamic programming (90C39) Stopping times; optimal stopping problems; gambling theory (60G40) Markov and semi-Markov decision processes (90C40) Computational methods for problems pertaining to operations research and mathematical programming (90-08)

Related Items (2)

Economic optimization of off-line inspection in a process that also produces non-conforming units when in control and conforming units when out of control ⋮ The optimal production and quality policy for the vendor in a trade

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