Abstract
AbstractThe sensitivity of a monitoring scheme depends on many factors including the variance of the charting statistic which is very important in the computation of the control limits. This paper discusses the computation of the variance of the recently proposed hybrid homogeneously weighted moving average (HHWMA) scheme which was based on an incorrect assumption. The correct variance is used to evaluate the run‐length characteristics of the HHWMA scheme. It is observed that the incorrect variance has a significant impact on the sensitivity (or performance) of the HHWMA scheme.
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