Acceptance sampling plans and reliability testing constitute fundamental tools for ensuring product quality and performance. These methodologies allow manufacturers and researchers to assess a lot’s ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Acceptance-sampling plan plays an important role in quality control. Four new sampling plans based on the yield index are proposed to deal with lot sentencing for a first-order autoregressive process.

Lio et al (2010a, b) introduced two single acceptance sampling plans (SASPs) for the percentiles of Birnbaum-Saunders and Burr type XII distribution with a truncated censoring scheme. They assured ...