Optimal Inspection Policies Minimizing Expected Cost Rates  
Author Satoshi Mizutani


Co-Author(s) Xufeng Zhao; Toshio Nakagawa


Abstract We discuss about some modified inspection policies which minimize the expected cost rates and show its numerical examples. At first, we explain the standard inspection policy which minimizes the expected cost rate. Especially, we show how to compute optimal inspection times using Iterative Method for sequential inspection models. Next, we consider finite number of inspection and finite interval models. For these models, we obtain the expected cost rates, and discuss numerically about optimal inspection times.


Keywords Inspection Policy, Expected Cost Rate, Finite Number, Finite Interval, Iterative Method
    Article #:  RQD26-180

Proceedings of 26th ISSAT International Conference on Reliability & Quality in Design
Virtual Event

August 5-7, 2021