Abstract
ABSTRACTThis paper proposes an optimal design of the exponentially weighted moving average (EWMA)– chart with estimated process parameters in terms of average run length (ARL) and standard deviation of the run length (SDRL), using a Markov chain. An optimal design enables the EWMA– chart with estimated process parameters to be optimally designed by minimizing the out-of-control ARL, in order to overcome the current limitation, where only the EWMA– chart with known process parameters is optimally designed. With the proposed procedure, the EWMA– chart with estimated process parameters can be designed to have a similar in-control performance on average to its known process parameters counterpart.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: 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.
