Exclusive Content & Downloads from ASQ

Economic Design of Moving Average Control Charts

Summary: [This abstract is based on the authors' abstract.]Many have studied the design of various control charts from an economical viewpoint, but few have attempted the economic design of a moving average (MA) control chart. An economic model is proposed to determine the optimal parameters of an MA control chart. The proposed chart has a lower loss cost than the conventional MA chart. A sensitivity analysis shows that the magnitude of shift, increasing cost when the process is out of control, and the rate of occurrence of assignable causes have a significant effect on loss cost calculation.

Anyone with a subscription, including Site and Enterprise members, can access this article.

Other Ways to Access content:

Join ASQ

Join ASQ as a Full member. Enjoy all the ASQ member benefits including access to many online articles.

  • Topics:
  • Keywords: Cost management,Design of control charts,Moving average chart,Parameters
  • Author: Yu, Fong-Jung; Chen, Yun-Shiow
  • Journal: Quality Engineering