An improved variable parameter mean square error control chart
Pei-Le Chen
Communications in Statistics - Theory and Methods, 2023, vol. 52, issue 16, 5752-5766
Abstract:
In order to improve the efficiency of the mean square error control chart in detecting small to moderate shifts, an improved variable parameter mean square error (VPt MSE) control chart is proposed, which uses three different sampling intervals, two different sample sizes and two different control limits. Markov chain method is used to calculate the average time to signal and average number of observations to signal. The performance of the adaptive chart was compared with the variable sample size and sampling interval (VSSI), the improved variable sample size and sampling interval (VSSIt), the variable parameter (VP), the exponentially weighted moving average (EWMA), and the variable sampling interval exponentially weighted moving average (VSI EWMA) mean square error control chart. Numerical results show that the VPt MSE chart surpasses the other charts in detecting small to moderate shifts. At the same time, we also improve the VPt MSE chart, which greatly improves the statistical performance. An example is provided to illustrate the implementation of the VPt MSE chart.
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:taf:lstaxx:v:52:y:2023:i:16:p:5752-5766
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DOI: 10.1080/03610926.2021.2019769
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