TY - JOUR
T1 - Economic and economic statistical design of T2 control chart with two adaptive sample sizes
AU - Faraz, Alireza
PY - 2010/12
Y1 - 2010/12
N2 - The Hotelling's T2 control chart, a direct analogue of the univariate Shewhart X̄ chart, is perhaps the most commonly used tool in industry for simultaneous monitoring of several quality characteristics. Recent studies have shown that using variable sampling size (VSS) schemes results in charts with more statistical power when detecting small to moderate shifts in the process mean vector. In this paper, we build a cost model of aVSS T2 control chart for the economic and economic statistical design using the general model of Lorenzen and Vance [The economic design of control charts: A unified approach, Technometrics 28 (1986), pp. 3-11]. We optimize this model using a genetic algorithm approach. We also study the effects of the costs and operating parameters on theVSS T2 parameters, and show, through an example, the advantage of economic design over statistical design forVSS T2 charts, and measure the economic advantage ofVSS sampling versus fixed sample size sampling.
AB - The Hotelling's T2 control chart, a direct analogue of the univariate Shewhart X̄ chart, is perhaps the most commonly used tool in industry for simultaneous monitoring of several quality characteristics. Recent studies have shown that using variable sampling size (VSS) schemes results in charts with more statistical power when detecting small to moderate shifts in the process mean vector. In this paper, we build a cost model of aVSS T2 control chart for the economic and economic statistical design using the general model of Lorenzen and Vance [The economic design of control charts: A unified approach, Technometrics 28 (1986), pp. 3-11]. We optimize this model using a genetic algorithm approach. We also study the effects of the costs and operating parameters on theVSS T2 parameters, and show, through an example, the advantage of economic design over statistical design forVSS T2 charts, and measure the economic advantage ofVSS sampling versus fixed sample size sampling.
KW - Adjusted average time to signal
KW - Economic statistical design
KW - Genetic algorithm
KW - Hotelling's T control chart
KW - Markov chain
KW - Variable sample size scheme
UR - http://www.scopus.com/inward/record.url?scp=78649469980&partnerID=8YFLogxK
U2 - 10.1080/00949650903062574
DO - 10.1080/00949650903062574
M3 - Article
SN - 0094-9655
VL - 80
SP - 1299
EP - 1316
JO - Journal of Statistical Computation and Simulation
JF - Journal of Statistical Computation and Simulation
IS - 12
ER -