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Consider a sampling plan with n = 40 and c = 1 and given Acceptable quality level (AQL) , Lot tolerance percent defective (LTPD) , producer's risk (α) and consumer's risk (β) . Suppose that c is increased to 2, keeping AQL and LTPD unchanged, producer's risk (α) will
CIF
An international commercial term (Incoterm) meaning "Cost, Insurance, and Freight," indicating the seller must cover these costs to the point of destination specified.
Marine Insurance
Insurance coverage that protects against the loss or damage of ships, cargo, terminals, and any transport by which property is transferred, acquired, or held between the points of origin and final destination.
Port of Shipment
The port of shipment is the specific location where goods are loaded onto a shipping vessel for export.
Risk Management
The practice of identifying, assessing, and controlling threats to an organization's capital and earnings.
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