Accession Number : AD0784057
Title : Consumer Indifference Curve Relating Reliability to Purchase Price.
Descriptive Note : Final rept.,
Corporate Author : ARMY MATERIEL COMMAND TEXARKANA TEX INTERN TRAINING CENTER
Personal Author(s) : Spangenberg,Roger L.
Report Date : MAR 1973
Pagination or Media Count : 89
Abstract : When operating under an indifference contracting plan for reliability, it is necessary to construct payment curves relating reliability to purchase price. This paper presents general methods that can be used to generate the indifference curves when using the concept of life cycle cost. In addition, a model utilizing a queueing approach to equipment failures is presented. This model is used to generate indifference curves relating purchase price to mean life. Examples are given for generating the indifference curves under two types of procurement plans for indifference contracting. (Author)
Descriptors : *QUALITY CONTROL, *INDUSTRIAL PRODUCTION, RELIABILITY, CONSUMERS, ACCEPTABILITY, LIFE CYCLES, COSTS, CONTRACTS
Subject Categories : Administration and Management
Mfg & Industrial Eng & Control of Product Sys
Distribution Statement : APPROVED FOR PUBLIC RELEASE