Reliability, pricing and quality control

Charles S. Tapiero; Peter H. Ritchken; Arnold Reisman

doi:10.1016/0377-2217(87)90134-2

Reliability, pricing and quality control

Charles S. Tapiero, Peter H. Ritchken, Arnold Reisman

Finance and Risk Engineering

Research output: Contribution to journal › Article › peer-review

Abstract

The purpose of this paper is to construct a theoretical framework which allows a manufacturer to examine the tradeoffs between pricing, reliability, design and quality control issues. In particular, the paper investigates effects of risk aversion on the relative prominence of one or the other policy instruments. In addition, the results of extensive numerical analyses are presented relating basic managerial guidelines with price, reliability and quality control.

Original language	English (US)
Pages (from-to)	37-45
Number of pages	9
Journal	European Journal of Operational Research
Volume	31
Issue number	1
DOIs	https://doi.org/10.1016/0377-2217(87)90134-2
State	Published - Jul 1987

Keywords

Reliability
pricing
quality control
utility

ASJC Scopus subject areas

General Computer Science
Modeling and Simulation
Management Science and Operations Research
Information Systems and Management

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10.1016/0377-2217(87)90134-2

Cite this

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Reliability, pricing and quality control

Abstract

Keywords

ASJC Scopus subject areas

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