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Economic Design of Control Charts In Presence of Censored Data
Faraz, Alireza; Heuchenne, Cédric
2011
 

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Abstract :
[en] we present Shewhart type Z ̅ and S2 control charts for monitoring individual or joint shifts in the scale and shape parameters of a Weibull distributed process. The advantage of this method is its ease of use and flexibility for the case where the process distribution is Weibull, although the method can be applied to any distribution. We illustrate the performance of our method through simulation and the application through the use of an actual data set. Our results indicate that Z ̅ and S2 control charts perform well in detecting shifts in the scale and shape parameters. We also provide a guide that would enable a user to interpret out-of-control signals.
Disciplines :
Quantitative methods in economics & management
Author, co-author :
Faraz, Alireza ;  Université de Liège > HEC-Ecole de gestion : UER > Statistique appliquée à la gestion et à l'économie
Heuchenne, Cédric ;  Université de Liège > HEC-Ecole de gestion : UER > Statistique appliquée à la gestion et à l'économie
Language :
English
Title :
Economic Design of Control Charts In Presence of Censored Data
Publication date :
December 2011
Event name :
Academic Meetings and a Visit to University of Delaware
Event organizer :
University of Delaware
Event place :
Delaware, United States
Event date :
3-10 Dec, 2011
Audience :
International
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since 04 August 2015

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