Evaluating sampling strategy under two criteria

Boaz Ronen*, Yishay Spector

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

7 Scopus citations


This paper integrates elements of Information Economics, Quality Control, Portfolio Selection and Decision Theory into an approach to facilitate the selection of an attribute sampling plan for a lot subject to inspection. The optimal selection is based on two criteria: the expected payoff and its standard deviation. Quality sampling plans are introduced as information structures, and ranked by the two criteria. The paper shows that different organizations should prefer different plans according to their strategies and preferences. The paper provides methods to rank order different sampling plans by an economical criterion as opposed to the commonly accepted pure statistical criterion.

Original languageEnglish
Pages (from-to)59-67
Number of pages9
JournalEuropean Journal of Operational Research
Issue number1
StatePublished - 5 Jan 1995


  • Information economics
  • Information evaluation
  • Information structures model
  • Quality management
  • Sampling plan
  • Statistical quality control


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