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The Optimum Upper Screening Limit and Optimum Mean Fill Level to Maximize Expected Net Profit in the Canning Problem for Finite Continuous Distributions
Jordan, Victoria (2006-05-15)
The “canning problem” occurs when a process has a minimum specification such that any product produced below that minimum incurs a scrap/rework cost and any product over the minimum incurs a “give-away” cost. The objective ...