Economic Design of CUSUM Control Charts
- ECU Author/Contributor (non-ECU co-authors, if there are any, appear on document)
- Thomas Croskery (Creator)
- Institution
- East Carolina University (ECU )
- Web Site: http://www.ecu.edu/lib/
Abstract: In statistical process control, control charts are one tool for monitoring the control status of a process. One such type of chart is the cumulative sum (CUSUM) chart which has advantages over other styles of control chart. A study of the economic design of CUSUM control charts is undertaken via a comparative study of long-run hourly cost (LRHC) and a computational search algorithm is used to minimize LRHC for a CUSUM chart using nine parameters confined to their respective feasible parameter spaces as defined by the chart designer. Savings over similarly designed two stage Xbar charts are discovered and presented.
Additional Information
- Publication
- Thesis
- Language: English
- Date: 2023
- Subjects
- Mathematics;Statistics;Control charts;CUSUM;Economic design;Long run hourly cost;Markov model;Search algorithm
| Title | Location & Link | Type of Relationship |
| Economic Design of CUSUM Control Charts | http://hdl.handle.net/10342/4405 | The described resource references, cites, or otherwise points to the related resource. |