Article ID: | iaor1995425 |
Country: | United Kingdom |
Volume: | 32 |
Issue: | 10 |
Start Page Number: | 2287 |
End Page Number: | 2302 |
Publication Date: | Oct 1994 |
Journal: | International Journal of Production Research |
Authors: | Raghavachari M., Surtihadi J. |
Keywords: | control processes |
Economic design of control charts seeks to choose the parameters of control charts that will minimize the cost. In an economic model, the time to the occurrence of an assignable cause is usually assumed to follow an exponential distribution. In addition to this assumption, certain approximations are used in the optimization procedures. This paper extends the current economic design for