An optimal sequence in multicharacteristic inspection (Q1263512)

Given a component with N critical characteristics, each characteristic i has a cost of inspection \(C_ i>0\) and a probability of rejection \(R_ i\), \(0<R_ i<1\). An optimal sequence for ordering these critical characteristics for inspection is found. This sequence minimizes the total expected cost of inspection. The implications and the applications of this sequence are examined.