Journal of Korean Institute of Industrial Engineers (대한산업공학회지)

Korean Institute of Industrial Engineers (대한산업공학회)
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A Note on the Stochastic Comparison in Production Yield Management

생산 수율 관리 문제와 확률적 비교

  • 박경철 (명지대학교 경영대학 경영학과)
  • Received : 2014.06.03
  • Accepted : 2014.06.11
  • Published : 2014.10.15
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Abstract

The single-period production inventory control problem under random yield is considered to analyze the impact of the yield characteristics on the firm's profit. We use the stochastic comparison as a main vehicle to compare the profits resulted under different random yields. Commonly used stochastic orderings are addressed with an analysis of their implications on the firm's profit. Moreover, a distribution-free bound on the profit is derived.

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References

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