Abstract
Abstract This paper extends the fundamental concepts developed for price-adjusted single sampling with quadratic indifference to sampling with polynomial indifference. The rationale of using indifference curves described by polynomial functions and a method of determining such functions are given. Modifications to the existing solution procedure are also discussed. As a result, a simple but general computational procedure is formulated for the determination of sampling plans which provide probabilistic protections to both the producer and consumer. These results widen the range of flexibility in the application of price-adjusted sampling.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
