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    Ramesh Ananth Assignment13 ISE500

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    Ananth Ramesh
    This document provides instructions for Assignment 13 for the course ISE500 Fall 2018. It includes the following: 1) Read sections of Chapter 5 from the Winkler text and complete problems 2, 3, and 4 from that chapter. 2) Given acceptance quality limit (AQL) and limiting quality (LQT) values, construct a single-level inspection plan and determine the resulting acceptance quality operator (AOQL) along with alpha and beta values. 3) Given a utility curve equation and payoff values from a coin flip, calculate the risk premium. 4) An optional extra credit point can be earned by completing an end of semester questionnaire.

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    Ramesh Ananth Assignment13 ISE500

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    Ananth Ramesh
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    This document provides instructions for Assignment 13 for the course ISE500 Fall 2018. It includes the following: 1) Read sections of Chapter 5 from the Winkler text and complete problems 2, 3, and 4 from that chapter. 2) Given acceptance quality limit (AQL) and limiting quality (LQT) values, construct a single-level inspection plan and determine the resulting acceptance quality operator (AOQL) along with alpha and beta values. 3) Given a utility curve equation and payoff values from a coin flip, calculate the risk premium. 4) An optional extra credit point can be earned by completing an end of semester questionnaire.

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    This document provides instructions for Assignment 13 for the course ISE500 Fall 2018. It includes the following: 1) Read sections of Chapter 5 from the Winkler text and complete problems 2, 3, and 4 from that chapter. 2) Given acceptance quality limit (AQL) and limiting quality (LQT) values, construct a single-level inspection plan and determine the resulting acceptance quality operator (AOQL) along with alpha and beta values. 3) Given a utility curve equation and payoff values from a coin flip, calculate the risk premium. 4) An optional extra credit point can be earned by completing an end of semester questionnaire.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    12 views2 pages

    Ramesh Ananth Assignment13 ISE500

    Uploaded by

    Ananth Ramesh
    This document provides instructions for Assignment 13 for the course ISE500 Fall 2018. It includes the following: 1) Read sections of Chapter 5 from the Winkler text and complete problems 2, 3, and 4 from that chapter. 2) Given acceptance quality limit (AQL) and limiting quality (LQT) values, construct a single-level inspection plan and determine the resulting acceptance quality operator (AOQL) along with alpha and beta values. 3) Given a utility curve equation and payoff values from a coin flip, calculate the risk premium. 4) An optional extra credit point can be earned by completing an end of semester questionnaire.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    of 2

    ISE500 Fall 2018

    Assignment 13

    Due on 11/28/2018 11:59 P.M.

    Individual Assignment
    Read the first 6 sections of Winkler Chapter 5.
    1. Do the following problems from that Chapter: 2,3, and 4 (1.2 points)
    The problems are also shown below.
    ISE500 Fall 2018
    Assignment 13

    2. Given α=.05 and β=0.1, AQL = 0.5 %, LTPD = 3%, construct a single level
    inspection plan. Calculate and display both the P(A) and AOQL graphs and
    determine the resulting AOQL and α and β. (0.5 points)
    3. Given the utility curve with the equation y = -7E-08x2 + 0.0004x + 0.4524
    and the worst payoff of -$1000 and best payoff of $3000 from a true coin flip, find the
    Risk Premium (0.3 points)
    4. For a free extra point complete the end of semester questionnaire on the log in
    page to my website (1 point – not in the denominator of percentage score)

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