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Copyright (c) 2015 Pakistan Journal of Statistics and Operation Research

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This work is licensed under a Creative Commons Attribution 4.0 International License.

Title

Optimal Sequential Sampling Plans Using Dynamic Programming Approach

Keywords

Sampling Plan; Dynamic Programming; Optimization; Recursive Approach

Description

In this paper we proposed a dynamic programming procedure to develop an optimal sequential sampling plan. A suitable cost model is employed for depicting the cost of sampling, accepting or rejecting the lot. This model is based on sequential approach. A sequential iterative approach is used for modeling the cost of different decisions in each stage. In addition a backward recursive algorithm is developed that can be adapted to a computer program. At the end of this paper a numerical example is solved to show how this model works. 


Date

2015-12-03

Identifier


Source

Pakistan Journal of Statistics and Operation Research; Vol. 11 No. 4, 2015



Print ISSN: 1816-2711 | Electronic ISSN: 2220-5810