Best Business Practices for Optimizing Producer's and Consumer's Risks: Innovating Type-I and Type-II Error Probabilities with Game-Theory for Realistic OC Curves in Acceptance Sampling Plans - Softcover

Sahinoglu, Mehmet

 
9786135830316: Best Business Practices for Optimizing Producer's and Consumer's Risks: Innovating Type-I and Type-II Error Probabilities with Game-Theory for Realistic OC Curves in Acceptance Sampling Plans
Softcover
ISBN 10: 6135830317 ISBN 13: 9786135830316
Verlag: LAP LAMBERT Academic Publishing, 2018

Inhaltsangabe

What should constitute suitably the cost-optimal values of alpha and beta in tests of hypotheses regarding the producer’s and consumer’s risks in a business setting? This is not a question to answer unequivocally for all situations. When establishing a test procedure to investigate statistically the credibility of a stated hypothesis, several factors must be considered one of which is the size of the sample. However, the most significant of all these factors is unquestionably to optimize Type I and II errors. Statisticians have by rule of thumb selected, such as α=0.05, none for β depending on the alternative hypothesis at hand. Although, common logic usually played a major role such as in the case of testing null hypothesis of the patient being sick needs a fairly significant size of type I error lest we lose the patient if we reject that she is sick while she truly is sick and probably dying. But all these previous up-to-date arguments are not somewhat connected with cost or utility of producer's and consumer's risks in the sense of quality control or life sciences or in the cyber-risk domain or other manufacturing industries while testing a hypothesis of a good product vs. bad.

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Über die Autorin bzw. den Autor

Dr. Sahinoglu, a Distinguished Prof.('08) and Dean Emeritus ('00), founded the Informatics Institute('08), and Cybersecurity('09) in Auburn University at Montgomery. An Eminent Scholar&Chair at Troy University CS Dept ('99-'08) with a BS('73) and MSEE('75) from METU(Turkey) and UMIST(UK), and PhD('81) from Texas A&M, authored Wiley texts ('07,'16).

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Verlag
LAP LAMBERT Academic Publishing
Erscheinungsdatum
2018
Sprache
Englisch
ISBN 10 
6135830317
ISBN 13 
9786135830316
Einband
Taschenbuch
Anzahl der Seiten
68
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
JustFiction Edition
customerservice@vdm-vsg.de

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Riga
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