Operating Characteristic (OC) Curve Notes: Definitions & Explanations PDF | Download eBooks
Study Operating Characteristic (OC) Curve lecture notes PDF with supply chain management definitions and explanation to study What is Operating Characteristic (OC) curve?. Study operating characteristic (oc) curve explanation with SCM terms to review supply chain management course for online MBA programs.
Operating Characteristic (OC) Curve Definition:
A graph that describes how well an acceptance plan discriminates between good and bad lots.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Operating Characteristic (OC) Curve Notes:
It depicts the acceptance of sampling procedure by the discriminatory power. Further organizations plot the probabilities that accept and the defective fraction. The sampling risk is obvious when the operating curve is plotted. It always examined before the sampling plan usage. Also firms use the OC curve which helps in selection of sampling plan.
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