Abstract This paper demonstrates the development of an economic designing and evaluating procedure for the Skip-lot sampling plan-3 under the conditions of Poisson distribution. The designing offeasible cost model under certain conditions imposed in essential construction of single sampling plan to study the economic designing of special purpose plan such as SkSP-3 at various stages of inspection of lots at the production unit is emphasized. The cost behaviour of spare parts with respect to plan parameters through the sensitivity analysis and furthermore, cost curves deals with determining the optimal plan parameters are presented in a tailor made tables for the Industrialist. Efficiency gain is exclusively given for the stochastic representation of the cost function in destructive and non-destructive testing.
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Kokila et al. (2024) studied this question.
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