Economically optimal c-control charts

Economically optimal c-control charts

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Article ID: iaor19932337
Country: Serbia
Volume: 1
Start Page Number: 235
End Page Number: 243
Publication Date: Apr 1991
Journal: Yugoslav Journal of Operations Research
Authors:
Abstract:

The economic design of statistical process control procedures has attracted the attention of the academic community for over 30 years. However, those models have not gained analogous popularity in industry. One reason for the limited utilization of the economic design of control charts in industry is apparently the mathematical complexity of the associated models and their optimization procedures. The main purpose of this paper is to present a simple search procedure to get the optimal design of c-charts.

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