315043

A Multicriteria Decision Making Approach for Selecting the Better of Two Alternatives Using Play the Winner Rule

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Last updated: 05 Jan 2025

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Abstract

            Two manufacturers produce a certain component that is used in some production systems. This component has a sensitive effect on the probability that the system satisfies its predetermined goals. This paper proposes and investigates a new procedure to reach a decision for determining which one of these two manufacturers producing the component, has larger probability of success. This procedure was discussed in the light of its ability to reach a decision while using a number as small as possible-of tests with defective components. We derive recursive expressions that describe the relationship between probability of correct decision and the expected number of defective components to minimize the total cost. Numerical results are given which indicate that the new procedure is uniformly better than any known procedure which uses play the winner rule.

DOI

10.21608/esju.1990.315043

Keywords

Multicriteria, loss function, Play the winner, Stopping rules-best binomial

Authors

First Name

M.A.

Last Name

Rabie

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Orcid

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First Name

H.Z.

Last Name

Sabry

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-

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-

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-

Volume

34

Article Issue

2

Related Issue

43205

Issue Date

1990-12-01

Receive Date

2023-08-29

Publish Date

1990-12-01

Page Start

285

Page End

306

Print ISSN

0542-1748

Online ISSN

2786-0086

Link

https://esju.journals.ekb.eg/article_315043.html

Detail API

https://esju.journals.ekb.eg/service?article_code=315043

Order

3

Type

Original Article

Type Code

1,914

Publication Type

Journal

Publication Title

The Egyptian Statistical Journal

Publication Link

https://esju.journals.ekb.eg/

MainTitle

A Multicriteria Decision Making Approach for Selecting the Better of Two Alternatives Using Play the Winner Rule

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Article

Created At

28 Dec 2024