@article { author = {FallahNezhad, M. S. and JafariNodoushan, T. and Owlia, M. S. and Abooie, M. H.}, title = {Designing an Economic Repetitive Sampling Plan in the Presence of Two Markets}, journal = {International Journal of Engineering}, volume = {30}, number = {7}, pages = {1017-1028}, year = {2017}, publisher = {Materials and Energy Research Center}, issn = {1025-2495}, eissn = {1735-9244}, doi = {}, abstract = {In this paper, we develop an optimization model for the economic design of repetitive sampling plan in the presence of two markets. The process under consideration produces a product with a normally distributed quality characteristic with unknown mean and known variance. The quality characteristic has a lower specification limit. The quality of the product is controlled via lot-by-lot acceptance sampling plan. The objective function used in the model is maximizing profit and product conformity using the Taguchi loss function as a surrogate for product conformity. Risks of producer and consumer in two different markets are considered as constraints. We demonstrate the application of the model using a numerical example. Sensitivity analysis on model parameters shows that the result of the model is sensitive to changes in model parameters.}, keywords = {Economic design,Repetitive Sampling Plan,Taguchi loss function,Producer Risk,Consumer Risk,Markov chain,Process Mean}, url = {https://www.ije.ir/article_72975.html}, eprint = {https://www.ije.ir/article_72975_0a4c36f20d38ecf17d320c99efe397c7.pdf} }