Author(s)

Tong Liu ¹

Affiliation(s)

¹ School of Artificial Intelligence, Hubei University, Wuhan, 430062, China

Corresponding Author

Tong Liu

ABSTRACT

This study aims to improve production efficiency by means of sampling inspection and cost-profit optimization. Electronic products need to achieve functions through the combination of a variety of parts. Therefore, enterprises need to carry out strict quality control of spare parts and production processes to ensure the overall quality of products. We develop a sampling inspection model for enterprises. While meeting the given confidence requirements as few detection times as possible, then make reasonable decisions to determine whether to accept the parts provided by the procurement supplier. For the multi-stage production process of enterprises and the quality control in the production process, this text establish Cost-profit decision model so that enterprises can maximize the profit. This text takes into account the costs associated with inspection, the unit price of components, assembly expenses, replacement losses, and disposal costs. We need to make reasonable decisions at various stages of the production process.

KEYWORDS

Sampling inspection, Cost-profit decision, Hypothesis

CITE THIS PAPER

Tong Liu, The Research on Production Decision-Making Based on Cost-Benefit Analysis Models. Industrial Engineering and Innovation Management (2024) Vol. 7: 28-36. DOI: http://dx.doi.org/10.23977/ieim.2024.070404.

REFERENCES

[1] Xu M, Dai H, Zuo L, et al. Optimization scheme design in production process based on multi-stage decision-making[J]. Journal of Computing and Electronic Information Management, 2024, 14(2): 114-116.
[2] Lemes L C, Hvam L. Profit-driven Maintenance in Process Industries[C]//2020 IEEE International Conference on Industrial Engineering and Engineering Management (IEEM). IEEE, 2020: 1325-1329.
[3] Guo Y. [Retracted] Enterprise Management Decision and Financial Management Based on Dynamic Cost Volume Profit Model[J]. Journal of Function Spaces, 2022, 2022(1): 9016060.
[4] Banfield M. A Shared‐Cost‐Profit Model of Teaching Materials for Higher Education[J]. American Journal of Economics and Sociology, 2021, 80(1): 231-252.  
[5] Pratama I, Prayogi M A, Adinata I, et al. Cost-Volume-Profit Relationships and the Concept of Sales Mix in Pharmaceutical Companies[J]. Journal of Pharmaceutical Negative Results, 2022: 2943-2948.
[6] Mian S H, Al-Ahmari A M. Application of the sampling strategies in the inspection process[J]. Proceedings of the Institution of Mechanical Engineers, Part B: Journal of Engineering Manufacture, 2017, 231(4): 565-575.

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