Article (Scientific journals)
Statistical Merits and Economic Evaluation of T2 Control Charts with the VSSC Scheme
Seif, Asghar; Moghadam, M.B.; Faraz, Alireza et al.
2011In Arabian Journal for Science and Engineering, 36 (7), p. 1461-1470
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Abstract :
[en] T2 control charts are used to monitor a process when more than one quality variable associated with the process is being observed. Recent studies have shown that using variable sampling size (VSS) schemes results in charts with more statistical power for detecting small to moderate shifts in the process mean vector. This paper presents an economic-statistical design of T2 control charts with variable sample size and control limits (VSSC). We build a cost model of a VSSC T2 control chart for the purpose of economic-statistical design using the model of Costa and Rahim (J. Appl. Stat. 28:875–885, 2001). This cost model constructed involves the cost of false alarms, the cost of finding and eliminating an assignable cause, the cost associated with production in an out-of-control state, and the cost of sampling and testing. We optimize this model using a genetic algorithm approach. Furthermore, VSSC and VSS T2 charts are compared with respect to the expected cost per unit time.
Disciplines :
Quantitative methods in economics & management
Author, co-author :
Seif, Asghar;  Islamic Azad University, Hamedan Branch > Department of Mathematics
Moghadam, M.B.;  Allameh Tabatabaee University, Tehran, Iran > Department of Statistics
Faraz, Alireza ;  Université de Liège - ULiège > HEC-Ecole de gestion : UER > Statistique appliquée à la gestion et à l'économie
Heuchenne, Cédric ;  Université de Liège - ULiège > HEC-Ecole de gestion : UER > Statistique appliquée à la gestion et à l'économie
Language :
English
Title :
Statistical Merits and Economic Evaluation of T2 Control Charts with the VSSC Scheme
Publication date :
November 2011
Journal title :
Arabian Journal for Science and Engineering
ISSN :
1319-8025
eISSN :
2191-4281
Publisher :
Springer, Chichester, United Kingdom
Volume :
36
Issue :
7
Pages :
1461-1470
Peer reviewed :
Peer Reviewed verified by ORBi
Available on ORBi :
since 03 May 2011

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