Economic Design of CUSUM Control Charts

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Author
Croskery, Thomas
Abstract
In statistical process control, control charts are one tool for monitoring the control status of a process. One such type of chart is the cumulative sum (CUSUM) chart which has advantages over other styles of control chart. A study of the economic design of CUSUM control charts is undertaken via a comparative study of long-run hourly cost (LRHC) and a computational search algorithm is used to minimize LRHC for a CUSUM chart using nine parameters confined to their respective feasible parameter spaces as defined by the chart designer. Savings over similarly designed two stage Xbar charts are discovered and presented.  
URI
http://hdl.handle.net/10342/4405
Subject
 Mathematics; Statistics; Control charts; CUSUM; Economic design; Long run hourly cost; Markov model; Search algorithm 
Date
2014
Citation:
APA:
Croskery, Thomas. (January 2014). Economic Design of CUSUM Control Charts (Master's Thesis, East Carolina University). Retrieved from the Scholarship. (http://hdl.handle.net/10342/4405.)

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MLA:
Croskery, Thomas. Economic Design of CUSUM Control Charts. Master's Thesis. East Carolina University, January 2014. The Scholarship. http://hdl.handle.net/10342/4405. September 29, 2023.
Chicago:
Croskery, Thomas, “Economic Design of CUSUM Control Charts” (Master's Thesis., East Carolina University, January 2014).
AMA:
Croskery, Thomas. Economic Design of CUSUM Control Charts [Master's Thesis]. Greenville, NC: East Carolina University; January 2014.
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Publisher
East Carolina University