Reference : Characteristics of Economically Designed CUSUM and \bar{X} Control Charts
Scientific congresses and symposiums : Unpublished conference/Abstract
Business & economic sciences : Quantitative methods in economics & management
http://hdl.handle.net/2268/184542
Characteristics of Economically Designed CUSUM and \bar{X} Control Charts
English
Saniga, Erwin []
Davis, Darwin []
Faraz, Alireza mailto [Université de Liège > HEC-Ecole de gestion : UER > Statistique appliquée à la gestion et à l'économie >]
McWilliams, Thomas []
Lucas, James []
22-Aug-2013
Yes
No
International
XIth International Workshop on Intelligent Statistical Quality Control
August 20 – 23, 2013
CSIRO
Sydney
Australia
[en] In this paper we investigate the characteristics of economic control chart
designs for both Shewhart (¯X ) 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.
http://hdl.handle.net/2268/184542

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