Determining the proper sample size and frequency of sampling such that quality is assured while financial losses are not unnecessarily incurred is critical to an effective quality program. The main purpose of the present work is to design a fuzzy controller to adjust sample sizes and frequency of sampling according to potential fuzzy benefit/loss. A set of fuzzy rules is given where, depending on the antecedents, the sample size and/or sampling frequency may be decreased, remain static or be increased. At any given moment the proportion of defects in the sample determines the firing strength of the rules suggesting an appropriate sample size and sampling frequency. The firing strength is then modified to include an analysis of the decision maker’s belief that as sampling takes place and adjustments are being considered benefit or loss would be incorporated prior to any action or adjustment to sample size and/or frequency.
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1 March 2005
Research Article|
March 01 2005
Sampling rules to achieve quality, maximize benefit and minimize financial loss
André de Korvin;
André de Korvin
Professor of Computer Science, University of Houston‐Downtown, One Main Street, Houston, Texas USA 77002
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Margaret F. Shipley
Margaret F. Shipley
Professor of Management, University of Houston‐Downtown, One Main Street, Houston, Texas USA 77002
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Publisher: Emerald Publishing
Online ISSN: 1758-7743
Print ISSN: 0307-4358
© Emerald Group Publishing Limited
2005
Managerial Finance (2005) 31 (3): 1–18.
Citation
de Korvin A, Shipley MF (2005), "Sampling rules to achieve quality, maximize benefit and minimize financial loss". Managerial Finance, Vol. 31 No. 3 pp. 1–18, doi: https://doi.org/10.1108/03074350510769532
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