Journal of Japan Industrial Management Association
Online ISSN : 2432-9983
Print ISSN : 0386-4812
Optimal Inspection and Purchase Policy
Sanae OGAWAHiroshi Ohta
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JOURNAL FREE ACCESS

1991 Volume 41 Issue 6 Pages 377-382

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Abstract
In this paper, a comparison of two purchase policies, i.e., BP (Blind Purchase) policy and SP (Selective Purchase) policy, are tried from an economic viewpoint, considering the following cases : 1) Under the BP policy, the fraction defective of the purchased lot is a random variable.2) Under the SP policy, the lead time is a random variable.Furthemore, the case where the demand rate is a random variable is also discussed.
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© 1991 Japan Industrial Management Association
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