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Determination of the Best Mean Contents for a<i>Canning Problem</i>
123
Citations
4
References
1987
Year
EconomicsDistributed RandomHealth SciencesMarket EquilibriumBusinessBest Mean ContentsFood EngineeringFood ProcessingProcess MeanCanning ProblemMarket DesignStatisticsFood StorageQuantitative ManagementFood SafetyOperations Research
This paper deals with a canning problem. Consider the contents of a can to be a normally distributed random variable with a known variance and a mean that is set by the canner. An overfilled can is sold in the regular market for a fixed price; an underweight can is emptied and refilled at the expense of a reprocessing cost. A simple linear expression is presented that gives the economically optimum setting for the process mean.
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