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One-Sided Run Rules control charts for Coefficient of Variation with Measurement Errors
Tran, Phuong Hanh; Heuchenne, Cédric; Nguyen, Huu Du
2019In Proceedings of ISSAT International Conference on Data Science in Business, Finance and Industry (DSBFI 2019)
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Keywords :
Run Rules charts; Coefficient of Variation; Measurement errors
Abstract :
[en] We investigate in this paper the effect of measurement errors on the performance of Run Rules control charts monitoring the coefficient of variation (CV) squared. The previous Run Rules - CV in literature is improved slightly by monitoring the CV squared instead of the CV itself. The numerical results show that this improvement gives better performance for Run Rules charts. Moreover, we will show through simulation that the precision and accuracy errors do have negative effect on the performance Run Rules charts. We also find out that multiple measurements per item does not high efficiency in reducing these negative effects.
Disciplines :
Quantitative methods in economics & management
Author, co-author :
Tran, Phuong Hanh  ;  Université de Liège - ULiège > HEC Recherche
Heuchenne, Cédric ;  Université de Liège - ULiège > HEC Liège : UER > UER Opérations: Statistique appl. à la gest. et à l'économie
Nguyen, Huu Du
Language :
English
Title :
One-Sided Run Rules control charts for Coefficient of Variation with Measurement Errors
Publication date :
July 2019
Event name :
ISSAT International Conference on Data Science in Business, Finance and Industry (DSBFI 2019)
Event date :
from 03-07-2019 to 05-07-2019
Audience :
International
Main work title :
Proceedings of ISSAT International Conference on Data Science in Business, Finance and Industry (DSBFI 2019)
ISBN/EAN :
978-0-9910576-6-5
Pages :
31-35
Peer reviewed :
Peer reviewed
Available on ORBi :
since 10 December 2019

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