Abstract
In this article, we study attribute control charts for monitoring correlated multivariate Poisson processes that are adequately described by copula models. The work is motivated by the need to study multivariate models for correlated count data with less restrictive assumptions on the correlation structure. We consider copula models that allow for varying levels of correlation between Poisson variables. In particular, we identify which of multivariate elliptical and mixtures of max-infinitely divisible copulas best describes the correlated multivariate Poisson process based on model selection criteria. Our primary objective in this article is to study mainstream attribute monitoring schemes based on this model structure and assess their average run length performance through numerical and simulation procedures.
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.