Article (Scientific journals)
Economic design of control charts with multiple assignable causes under Burr XII shock model
Saadatmelli, Aitin; Moghadam, M. Bameni; Seif, Asghar et al.
2018In Communications in Statistics: Theory and Methods, 43 (1), p. 500-522
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Abstract :
[en] Control charts show the distinction between the random and assignable causes of variation in a process. The real process may be affected by many characteristics and several assignable causes. Therefore, the economic statistical design of multiple control chart under Burr XII shock model with multiple assignable causes can be an appropriate candidate model. In this paper, we develop a cost model based on the optimization of the average cost per unit of time. Indeed, the cost model under the influence of a single match case assignable cause and multiple assignable causes under a same cost and time parameters were compared. Besides, a sensitivity analysis was also presented in which the changeability of loss-cost and design parameters were evaluated based on the changes in cost, time and Burr XII distribution parameters.
Disciplines :
Quantitative methods in economics & management
Author, co-author :
Saadatmelli, Aitin
Moghadam, M. Bameni
Seif, Asghar
Faraz, Alireza ;  Université de Liège - ULiège > HEC Liège : UER > Statistique appliquée à la gestion et à l'économie
Language :
English
Title :
Economic design of control charts with multiple assignable causes under Burr XII shock model
Publication date :
2018
Journal title :
Communications in Statistics: Theory and Methods
ISSN :
0361-0926
eISSN :
1532-415X
Publisher :
Taylor & Francis
Volume :
43
Issue :
1
Pages :
500-522
Peer reviewed :
Peer Reviewed verified by ORBi
Available on ORBi :
since 11 September 2020

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