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Economic control chart policies for monitoring variables

Author

Listed:
  • Erwin Saniga
  • Thomas McWilliams
  • Darwin Davis
  • James Lucas

Abstract

In this paper, we compare the costs of an economically designed CUSUM control chart and a common Shewhart control chart, the X–bar chart for many configurations of parameters. Our results indicate that there are identifiable regions where there is an overwhelming cost advantage to using CUSUM charts. Additionally, we find that there are identifiable regions where an X–bar chart can be employed without any substantial economic disadvantage. Finally, we identify regions where a regular search policy is less costly than a policy of using either a CUSUM or X–bar chart.

Suggested Citation

  • Erwin Saniga & Thomas McWilliams & Darwin Davis & James Lucas, 2006. "Economic control chart policies for monitoring variables," International Journal of Productivity and Quality Management, Inderscience Enterprises Ltd, vol. 1(1/2), pages 116-138.
    • Handle: RePEc:ids:ijpqma:v:1:y:2006:i:1/2:p:116-138
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    Cited by:

    1. Azam Moraditadi & Soroush Avakhdarestani, 2016. "Development of fuzzy individual x and moving range control chart," International Journal of Productivity and Quality Management, Inderscience Enterprises Ltd, vol. 17(1), pages 82-103.

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