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Abstract
Exponential charts for monitoring time-between-events data are widely studied recently as it has shown a wide range in different applications. To improve the sensitivity of the simple exponential chart, this paper develops a synthcontrol chart to monitor the two-sided shifts in the exponential mean. This synthetic chart consists of an exponential sub-chart and a conforming run length (CRL) sub-chart and it is designed from two new perspectives. Previous synthetic charts are constructed based on the optimization program for a specified shift size, which proves to be difficult to predict in practice. In this paper, the synthetic chart is constructed based on a new design method which takes the mean (ARL) and the standard deviation (SDRL) of the run length into consideration. The other improvement is that the exponential sub-chart is designed to ensure that the CRL sub-chart only needs a lower control limit and that the proposed synthetic chart is ARL-unbiased. The effect of parameter estimation on the proposed synthetic chart is also studied in this paper. Performance comparisons show that our proposed chart has a better performance in general.
Published Version
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