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Statistical CUSUM designs with minimum sampling cost
Journal article   Peer reviewed

Statistical CUSUM designs with minimum sampling cost

Erwin M. Saniga, Darwin Davis, Thomas McWilliams and James Lucas
Quality technology & quantitative management, v 15(4), pp 475-483
01 Jan 2018

Abstract

Engineering Engineering, Industrial Mathematics Operations Research & Management Science Physical Sciences Science & Technology Statistics & Probability Technology
We develop a method of designing CUSUM control charts that yields minimum sampling costs while meeting statistical constraints on the average time to signal when there is no assignable cause and the average time to signal when there is an assignable cause. We call this method statistical CUSUM design with minimum sampling costs. Numerical examples are given which show the dominance of this method over the usual statistical design method with the only disadvantage being the small additional effort to estimate sampling costs. The designs we compute are compared to recommended CUSUM statistical designs as well as economic statistical designs.

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Collaboration types
Domestic collaboration
Web of Science research areas
Engineering, Industrial
Operations Research & Management Science
Statistics & Probability
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