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Economic design of non parametric sign control chart

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  • S. H. Patil
  • D. T. Shirke

Abstract

An economic design of sign chart to control the median is proposed. Since the sign chart is distribution free, it can easily be applied to any process without prior knowledge of process quality distribution. The effect on loss cost observed for different shifts in location shows that the sign chart performs better for large shifts. The economic statistical performance study reveals that statistical performance of sign chart can be improved sufficiently for moderate shifts in the process. Sensitivity study shows that design is more sensitive for change in values of penalty loss cost and time required for search and repair of an assignable cause.

Suggested Citation

  • S. H. Patil & D. T. Shirke, 2017. "Economic design of non parametric sign control chart," Communications in Statistics - Theory and Methods, Taylor & Francis Journals, vol. 46(18), pages 8987-8998, September.
    • Handle: RePEc:taf:lstaxx:v:46:y:2017:i:18:p:8987-8998
    DOI: 10.1080/03610926.2016.1200095
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    Cited by:

    1. Reza Pourtaheri, 2022. "Economic Statistical Design for Three-level Control Charts with Variable Sample Size," Sankhya B: The Indian Journal of Statistics, Springer;Indian Statistical Institute, vol. 84(1), pages 130-145, May.

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