Abstract
AbstractThe memory control charts, including cumulative sum (CUSUM) and exponentially weighted moving average (EWMA) control charts, are widely used to monitor small‐to‐moderate shifts in the process location and/or dispersion. The homogenously weighted moving average (HWMA) control chart is the advanced form of the EWMA control chart to monitor process location shifts. Besides, the auxiliary information‐based memory control charts efficiently monitor process location shifts. The objective of this study is to propose an auxiliary information based double HWMA, symbolized as control chart to further enhance the monitoring of process location shifts. The control chart is modeled by mixing the auxiliary information‐based HWMA plotting statistic features into the other HWMA control chart. For numerical results, Monte Carlo simulations are used as a computational technique. Famous performance measures including average run length (), extra quadratic loss, relative , and performance comparison index are used to compare the performance of proposed control chart against other control charts including classical CUSUM and EWMA, mixed ‐, auxiliary information based EWMA (), HWMA, auxiliary information based HWMA (), and double HWMA control charts. The comparisons revealed that the proposed control chart outperformed other control charts, especially for small‐to‐moderate process location shifts. An automobile braking system application is also provided for users and practitioners to demonstrate the importance of the proposed study from a practical perspective.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.