Abstract
The utilization of dynamic probability control limits (DPCLs) can prove advantageous in the development of control charts, particularly in scenarios where sample sizes, areas of opportunity, or any other covariate values exhibit temporal fluctuations. In this study, we design the DPCLs-based two adaptive EWMA (AE) and adaptive CUSUM (AC) charts for monitoring the mean of a normally distributed process. We use Monte Carlo simulations to estimate the conditional false alarm rates, zero-state and steady-state (SS) average run-length profiles of the adaptive charts. It is found that the proposed AE and AC charts outperform the existing AE chart in terms of relative mean index. An example is given to demonstrate the implementation of the proposed charts.
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More From: Communications in Statistics - Simulation and Computation
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