Research Reports from the Department of Operations

Document Type

Report

Publication Date

1-1-1987

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.

Keywords

Operations research, Reliability (Engineering), Quality control, Pricing, Industrial design, Decision making--Mathematical models, Industrial management

Publication Title

European Journal of Operational Research, vol. 31 (1987)/Technical Memorandums from the Department of Operations, School of Management, Case Western Reserve University

Issue

Technical memorandum no. 559

Rights

This work is in the public domain and may be freely downloaded for personal or academic use

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