Journal article
Economic control chart policies for monitoring variables
International journal of productivity and quality management, v 1(1-2)
01 Jan 2006
Abstract
In this paper, we compare the costs of an economically designed CUSUM control chart and a common Shewhart control chart, the X–bar chart for many configurations of parameters. Our results indicate that there are identifiable regions where there is an overwhelming cost advantage to using CUSUM charts. Additionally, we find that there are identifiable regions where an X–bar chart can be employed without any substantial economic disadvantage. Finally, we identify regions where a regular search policy is less costly than a policy of using either a CUSUM or X–bar chart.
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10 Record Views
27 citations in Scopus
Details
- Title
- Economic control chart policies for monitoring variables
- Creators
- Erwin SanigaThomas McWilliamsDarwin DavisJames Lucas
- Publication Details
- International journal of productivity and quality management, v 1(1-2)
- Publisher
- Inderscience Publishers
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- [Retired Faculty]
- Scopus ID
- 2-s2.0-34247477848
- Other Identifier
- 991019174907404721