Modified Shewhart Control Chart Based on CEV for Gamma Distributed Lifetimes in the Presence of Type-I Censored Data

Journal Title: Journal of Quantitative Methods (JQM) - Year 2018, Vol 2, Issue 1

Abstract

This article explains the modified version of Shewhart control charts for monitoring the mean level of the Gamma lifetimes under the Type-I censored data. Shewhart control chart based on the conditional expected values (CEV) is developed which can efficiently monitor the Type-I censored. The results of the proposed control chart are compared with simple/traditional Shewhart control chart using different censoring rates (Pc). The main focus is the stability of the mean level for which we have considered the specified parameter(s) as well as the unspecified parameter(s) cases (where Maximum Likelihood Estimates (MLE) has been considered). It is observed that in the presence of Type-I censored observation the CEV Shewhart X Control chart outperforms traditional Shewhart X control chart. The proposed censoring control charts always outperform when known parameters are used rather than the MLE estimate cases. The proposed charting methodology is also illustrated by an example.

Authors and Affiliations

Syed Muhammad Muslim Raza, Muhammad Moeen

Keywords

Related Articles

Impact of Working Capital on the Profitability of UK Pharmaceuticals and Biotechnology FTSE All Share Index Firms

The study is conducted to investigate the impact of a working capital on profitability for the Pharmaceuticals and Biotechnology firms listed on FTSE all share index. Panel data is collected (data is collected from 2009...

Impact of Credit Constraints on Firms Growth: A Case Study of Manufacturing Sector of Pakistan

This study explores the impact of credit constraint on growth by using firm level data of manufacturing sector of Pakistan for the period of 1974-2010 analyzing via Generalized Method of Moments (1991) one step and two s...

Corruption, Political Instability and Sustainable Development: The Interlinkages

The study empirically probed the interdependence among corruption, political instability and sustainable development for a panel of 28 developing economies and disaggregated sample of lower-middle and upper-middle income...

Determinants of Net Interest Margins in Emerging Markets: A Generalized Method of Moments Approach

The study focuses on checking the effect of Leverage Risk, Credit Risk, Implicit Interest Payment, Non-Interest Bearing Reserve and Management Efficiency on Net Interest Margin of the banks of Pakistan, India and Banglad...

Role of Quantitative Methods in Quantifying "Reality" Objectively

This editorial highlights the significance of realizing the underlying assumptions of positivism.

Download PDF file
  • EP ID EP546343
  • DOI 10.29145/2018/jqm/020105
  • Views 239
  • Downloads 0

How To Cite

Syed Muhammad Muslim Raza, Muhammad Moeen (2018). Modified Shewhart Control Chart Based on CEV for Gamma Distributed Lifetimes in the Presence of Type-I Censored Data. Journal of Quantitative Methods (JQM), 2(1), 114-125. https://europub.co.uk/articles/-A-546343