An Introduction to Price-Adjusted Single Sampling with Quadratic Indifference,
Abstract
The research introduces and develops the concept of price-adjusted sampling with quadratic indifference. The basic purpose of price-adjusted sampling is the elimination of the process of rejecting lots, a procedure practiced in the application of conventional acceptance sampling methods. A discussion and history of various sampling techniques is presented with an emphasis on the comparison of the qualities of linear and quadratic indifference. Techniques for arriving at higher order indifference curves are explained along with the economic implications of various types of curves. In order to fully document the behavior of any given plan, it is necessary to tuilize a digital computer with plotting capability to illustrate the plan graphically. As a result, the application of the digital computer is emphasized heavily. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Jul 01, 1971
- Accession Number
- AD0768147
Entities
People
- John Albert Jacobi
- Joseph W. Foster
Organizations
- United States Army Materiel Command