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
Detecting Stationarity of GDP: A Test of Unit Root Tests
Despite extensive research of research on unit roots, consensus on several important issues and implications has not emerged to date (Libanio, 2005). There are many series which were being investigated for existence of u...
Modified Shewhart Control Chart Based on CEV for Gamma Distributed Lifetimes in the Presence of Type-I Censored Data
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 (...
Role of Quantitative Methods in Quantifying "Reality" Objectively
This editorial highlights the significance of realizing the underlying assumptions of positivism.
Financial Development and Economic Growth: The Role of Energy Consumption
The study investigates financial development and economic growth nexus, incorporating use of energy resources for Pakistan for 1980- 2016, using Johansen co-integration and granger causality approach. The results of Joha...
Quality of Life and Globalization: Econometric Evidence from Asian Economies
The impact of global integration on economic growth is largely discussed in the literature. However, little attention has been paid to analyze the association of globalization with quality of life. In particular, the rol...