Reliability, pricing and quality control

Charles Tapiero, Peter H. Ritchken, Arnold Reisman

Research output: Contribution to journalArticle

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 languageEnglish (US)
Pages (from-to)37-45
Number of pages9
JournalEuropean Journal of Operational Research
Volume31
Issue number1
DOIs
StatePublished - 1987

Fingerprint

quality control
Quality Control
Pricing
Quality control
pricing
Risk Aversion
Costs
Trade-offs
Design
Policy
Framework
Policy instruments
Theoretical framework
Risk aversion

Keywords

  • pricing
  • quality control
  • Reliability
  • utility

ASJC Scopus subject areas

  • Information Systems and Management
  • Management Science and Operations Research
  • Statistics, Probability and Uncertainty
  • Applied Mathematics
  • Modeling and Simulation
  • Transportation

Cite this

Reliability, pricing and quality control. / Tapiero, Charles; Ritchken, Peter H.; Reisman, Arnold.

In: European Journal of Operational Research, Vol. 31, No. 1, 1987, p. 37-45.

Research output: Contribution to journalArticle

Tapiero, Charles ; Ritchken, Peter H. ; Reisman, Arnold. / Reliability, pricing and quality control. In: European Journal of Operational Research. 1987 ; Vol. 31, No. 1. pp. 37-45.
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