On the performance of modified EWMA charts using resampling schemes

Journal Title: Operations Research and Decisions - Year 2018, Vol 28, Issue 3

Abstract

Two popular sampling schemes have been used to design control charts by means of a modified exponentially weighted moving average (EWMA) statistic. The structures of the proposed charts, using repetitive group sampling and multiple dependent state sampling, have been presented. The values of average run length have been determined by some specified control chart parameters. The performance of the proposed chart was illustrated via a simulation study. The efficiency of the proposed chart has been compared with the existing one. A practical example based on real data was also given to explain the application of the proposed chart in industry.

Authors and Affiliations

Nasrullah KHAN, Talat YASMIN, Muhammad ASLAM, Chi-Hyuck JUN

Keywords

Related Articles

Two procedures for robust monitoring of probability distributions of economic data stream induced by depth functions

Data streams (streaming data) consist of transiently observed, evolving in time, multidimensional data sequences that challenge our computational and/or inferential capabilities. We propose user friendly approaches for r...

EDITORIAL

This special issue of the Operations Research and Decisions is dedicated to the Spain-Italy-Netherlands Meeting on Game Theory SING 10, an international meeting that started as a reference point for game theorists mainly...

Localizing of the atmospheric contamination source based on the Kori field tracer experiment data

Accidental releases of hazardous material into the atmosphere pose high risks to human health and the environment. Thus it would be valuable to develop an emergency reaction system which can recognize the probable locati...

Ruin probability of a discrete-time risk process with proportional reinsurance and investment for exponential and Pareto distributions

The paper focuses on a quantitative analysis of the probability of ruin in a finite time for a discrete risk process with proportional reinsurance and investment of the financial surplus. It is assumed that the total los...

The effectiveness of discriminant models based on the example of the manufacturing sector

The best models of bankruptcy prediction have been selected that can indicate the deteriorating situation of a company several years before bankruptcy occurs. There are a lot of methods for evaluating the financial state...

Download PDF file
  • EP ID EP460916
  • DOI 10.5277/ord180303
  • Views 49
  • Downloads 0

How To Cite

Nasrullah KHAN, Talat YASMIN, Muhammad ASLAM, Chi-Hyuck JUN (2018). On the performance of modified EWMA charts using resampling schemes. Operations Research and Decisions, 28(3), 29-43. https://europub.co.uk/articles/-A-460916