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Characteristics of Economically Designed CUSUM and (X)over-bar Control Charts
Conference proceeding

Characteristics of Economically Designed CUSUM and (X)over-bar Control Charts

Erwin Saniga, Darwin Davis, Alireza Faraz, Thomas McWilliams and James Lucas
FRONTIERS IN STATISTICAL QUALITY CONTROL 11, pp 201-217
01 Jan 2015

Abstract

Mathematics Physical Sciences Science & Technology Statistics & Probability
In this paper we investigate the characteristics of economic control chart designs for both Shewhart ((X) over bar) and CUSUM control charts. Authors in the past have made some suggestions regarding the design of these charts, where design is defined as finding the values of sample size, intersample interval and control limit (Shewhart chart) or control parameters (k and h) for the CUSUM chart. Here, we run a large number of experiments consisting of many configurations of the parameters and describe and model the results in terms of the actual economic designs.

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Domestic collaboration
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Mathematics
Statistics & Probability
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