Economic-statistical design of synthetic double sampling T2 chart

Ming Ha Lee and Michael B. C. Khoo

Communications in Statistics - Theory and Methods, 2019, vol. 48, issue 23, 5862-5876

Abstract: An economic-statistical design of the synthetic double sampling (synDS) T2 chart is presented in this study. The cost function is minimized to obtain the optimal design parameters of the synDS T2 chart by incorporating the statistical constraints or the constraints on the average number of samples. An example is provided and a sensitivity analysis is conducted to study the effect of model parameters on the optimal solution of the design. The numerical comparison shows that the synDS T2 chart performs better than the synthetic T2 chart and the multivariate exponentially weighted moving average chart, in terms of the cost.

Date: 2019
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DOI: 10.1080/03610926.2018.1523428

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