2021
DOI: 10.5539/ijsp.v10n2p28
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Application of Gibbs Sampling in Modelling the Utilization Rate of Raw Materials for Drug Coating

Abstract: Drug coating is one of the most important processes in the modern pharmaceutical industry. Improving the utilization rate of raw materials (URRM) in the drug coating process is thus important for cost saving and efficiency enhancement. There is little existing research on this topic in the literature of applied statistics. In this paper, motivated by a real dataset collected from a pharmaceutical company in China, we propose to use a novel predictive model that integrates a Bayesian framework with the Gibbs sa… Show more

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