A new Markov chain approach for the economic statistical design of the VSS T2 control chart. Issue 1 (2nd January 2019)

• Record Type: Journal Article
• Authors: Seif, Asghar
• Is Part Of: Communications in statistics. Volume 48:Issue 1(2019)
• Page Start: 200
• Page End: 218
• Publication Date: 2019-01-02
• Subjects: Economic Statistical Design, Hotelling's T2 control chart -- Markov Chain -- Variable Sample Size (VSS); 62P30; Mathematical statistics -- Periodicals; Mathematical statistics -- Data processing -- Periodicals; Digital computer simulation -- Periodicals; 519.5
• DOI: 10.1080/03610918.2017.1377238
• Languages: English
• ISSNs: 0361-0918

Abstract

ABSTRACT: An economic statistical design model for a T 2 chart which uses a variable sample size (VSS) feature is developed in this article. This study mainly differs from the others conducted in the field. In that a new approach is offered to achieve closed form of some statistical criteria. In other words, the proposed formulas can be considered as a better alternative approach in designing the VSS control charts in terms of simplicity and yet providing the users with better optimal solutions.