Operating characteristic curve, Project Management

Assignment Help:

Operating characteristic curve

The operating characteristic curve for a sampling plan quantifies the risks. The OC curve for an attribute plan is a graph of the percentage defective in a lot versus the probability that the sampling plan will accept a lot. The figure describes the OC curve:

1775_operating characteristic curve.png

Figure : OC curve

The figure explains that the acceptance level at A has about 98% chance of being accepted. B has 50% of defective and has 23 % chance of being accepted, C has about 30% defective and has 3% chance of being accepted.

The  OC  curve  can  be  developed  by  determining  the  probability  of acceptance for many values of incoming quality. The probability of acceptance is the probability that the number of defectives in the sample is equal to or less than the acceptance number for the sampling plan.

The OC curve for a particular plan states only the chance that a lot having certain defective percentage would be accepted by the sampling plan.

The confidence level in connection with a particular defective percentage might not be stated by OC curve, the final quality achieved post completion of inspections might not be predicted exactly by the OC curve.


Related Discussions:- Operating characteristic curve

Explain about the term performance appraisal in organization, Explain about...

Explain about the term Performance Appraisal in organization. Performance Appraisal: This is a systematic and impartial assessment of an worker’s performance on the assign

What are the purposes of budgets in risk management, What are the purposes ...

What are the purposes of budgets in risk management? The purpose of budgets: P   Planning R  Resource employment or responsibility accounting I   Integration and/o

Which tools are best for you to evaluate team performance, Q. You have been...

Q. You have been hired by a contractor, who wants you to organize a construction project for one of their clients. The project team has been working for six weeks. You need to eval

Turn key contracts, Ask question #Miniwhat circumstances that favor turn ke...

Ask question #Miniwhat circumstances that favor turn key contracts mum 100 words accepted#

Steps of project manager to enhance likelihood of project, Ideally, the nee...

Ideally, the need for an IS project would be given in some detail before planning begins. When the requirement is not detailed adequate, what steps can the project manager take to

Benefits of having a project and programme support office, What are the ben...

What are the benefits to an organisation of having a Project and Programme support office? The major advantages to an organisation by having a Project and Programme support off

Areas of key risk in project management, Areas of key risk in Project Manag...

Areas of key risk in Project Management Companies believe that the most critical risk they face is market or competitive risk. There are various other risks faced by organisati

How is inventory control worked for an optimum balance, How is Inventory co...

How is Inventory control worked for an optimum balance between competing objectives? Inventory control is related with achieving an optimum balance in between two competing obj

Marketing project, Step 1 Advise the instructor in writing if you will be w...

Step 1 Advise the instructor in writing if you will be working on the project individually or with another class member(s). Choose your team member (s),carefully, as you will have

How is inventory procurement costs expenditure connected, How is Inventory ...

How is Inventory procurement costs expenditure connected? Inventory procurement costs that consists of expenditure connected along with as a. Its Receiving quotations b.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd