© 1988 by Biometrika Trust
MISCELLANEA |
Bayesian approach to single variable sampling plans
Department of Statistics, Chinese University of Hong Kong Shatin, N.T., Hong Kong
In this paper, we develop a model of sampling plans for variables with a polynomial loss function, in which the decision function is either one-sided or two-sided. Based on a Bayesian approach, we suggest a simple finite algorithm for the determination of the optimal single sampling plan. Furthermore, for the case of a symmetric two-sided decision function, we propose an approximate method for determining its optimal single sampling plan.
Key Words: Bayes risk Decision function Hermite polynomial Sampling inspection by variables Single sampling plan