The "canning problem" occurs when a process has a minimum specification such that any product produced below that minimum incurs a scrap/rework cost and any product over the minimum incurs a "give-away" cost. The objective of the canning problem is to determine the target mean for production that minimizes both of these costs. An upper screening limit can also be determined; above which give-away cost is so high that reworking the product maximizes net profit. Continuous, finite range space distributions are considered, ...
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The "canning problem" occurs when a process has a minimum specification such that any product produced below that minimum incurs a scrap/rework cost and any product over the minimum incurs a "give-away" cost. The objective of the canning problem is to determine the target mean for production that minimizes both of these costs. An upper screening limit can also be determined; above which give-away cost is so high that reworking the product maximizes net profit. Continuous, finite range space distributions are considered, specifically the Uniform and Triangular distributions. For the Uniform distribution, an optimum upper screening limit and an optimum value for the mean fill level is found using three net profit models. Each model assumes a fixed selling price and a linear cost to produce, but costs differ as follows: Model 1 uses fixed rework/scrap and reprocessing costs Model 2 has linear rework/scrap and reprocessing costs, and Model 3 has fixed rework/scrap and reprocessing costs but adds an additional, higher cost associated with a limited capacity of the container.
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
