Abstract:This paper introduces the concept of a three-level hierarchy of economic-decision matrices (EDM) and discusses how finite element (FE) and stochastic modeling can be coupled in decisions on quality control. A disadvantage of the deterministic-engineering approach is that quality control cannot be properly accessed by a corresponding EDM. A five-step design-strategy is outlined and various suggestions associated with these steps are presented in the paper. This design-strategy is then quantified by the consider… Show more
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