A probabilistic approach to optimal quality usage

S. T. Rachev, Boyan Dimitrov, Zainaab Khalil

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Abstract

<div class="line" id="line-31"> <span style="color: rgb(46, 46, 46); font-family: Arial;"> The production process of a certain item exhibits some quality characteristics governed by a probability measure &mu;(A). The consumption (or usage) of all items of this production is described by another probability measure &nu;(B), where A and B are elements in the product space of all quality characteristics of the totality of produced items. When a product with characteristics x &varepsilon; A is being used instead of a product with characteristics y &varepsilon; B, then a loss &varphi;(x,y) is incurred. Any ditribution plan &theta;(A,B) of the product for consumption produces a total expected loss &tau;&phi;(&theta;) = E&phi;(x, y). Using some general results in the theory of probability metrics, under given marginals, we develop models for finding the optimal distribution plan &theta; and the corresponding minimal total losses &tau;&phi; and establish some particular forms and inequalities. A brief discussion of the results follows. </span></div>
Original languageAmerican English
JournalComputers Mathematics with Applications
Volume24
DOIs
StatePublished - Oct 1 1992

Disciplines

  • Mathematics

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