Publication | Closed Access
Economic design of dual-sampling-interval policies for X¯ charts with and without run rules
24
Citations
11
References
1997
Year
EngineeringDual-sampling-interval PoliciesDsi PoliciesRun RulesOptimal System DesignControl SystemsOperations ResearchComputational EconomicsEconomic AnalysisSystems EngineeringStochastic ControlMechanism DesignQuantitative ManagementControl MethodEconomicsOptimal DesignSequential Decision MakingSignal ProcessingDsi Policy ParametersProcess ControlBusinessEconomic DesignEconomics And Computation
Abstract Recent studies show that the dual-sampling-interval (DSI) policies of X¯ control chart yield a smaller average time to signal (ATS) than Shewhart's classical fixed-sampling-interval (FSI) policy for off-target processes. An economic design approach for DSI policies has not been addressed in the literature. In this paper we develop a comprehensive cost model for DSI policies with and without run rules and steady-state performance. The expression for the unit cost of quality is used as the objective function in optimal design of DSI policy parameters. The design process and the sensitivities of some of the model input parameters are exposed through numerical examples.
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