Application of decreasing integrated hazard in Rahim and Banerjee model on economic design of X‾$\bar{X}$-control charts for systems with increasing failure rate and early replacement

M. A. Pasha, Y. Khadem and M. B. Moghadam

Communications in Statistics - Theory and Methods, 2017, vol. 46, issue 21, 10481-10494

Abstract: In comparison to economic designs of X‾$\bar{X}$-control charts with constant integrated hazard over sampling intervals, a new approach is proposed that warranty the integrated hazard is decreasing throughout the time. The generalized model of Rahim and Banerjee (1993) is applied to achieve the optimal design parameters for systems with increasing failure rate and early replacement. Some numerical examples utilizing Weibull(ν, λ) and Gamma(2, λ) in-control time distributions are presented to evaluate the performance of the approach. Both the economic and economic statistical models are used to compare the decreasing integrated hazard approach with the constant one. A comprehensive sensitivity analysis is also presented.

Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/03610926.2016.1236962 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:lstaxx:v:46:y:2017:i:21:p:10481-10494

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/lsta20

DOI: 10.1080/03610926.2016.1236962

Access Statistics for this article

Communications in Statistics - Theory and Methods is currently edited by Debbie Iscoe

More articles in Communications in Statistics - Theory and Methods from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().