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Title Claps Level Year L/Y
Computing optimal quality control policies — two actions
Robert C. Wang
We study a Markov quality control model in which we may either reset the machine or keep the machine producing items. Both discounted and average costs are considered. We shall show that a monotone policy is optimal and show how to compute the optim…
We study a Markov quality control model in which we may either reset the machine or keep the machine producing items. Both discounted and average costs are considered. We shall show that a monotone policy is optimal and show how to compute the optimal critical point. Two special models are studied along with some numerical results.
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4 1976