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|Title:||One-Sided Synthetic Control Charts for Monitoring the Coefficient of Variation with Measurement Errors|
|Authors:||K. P. Tran|
H. D. Nguyen
Q. T. Nguyen
|Keywords:||Business, Management and Accounting|
|Abstract:||© 2018 IEEE. In this paper, we present a method to monitor the coefficient of variation (CV) squared using two one-sided synthetic control charts. The numerical results show that our design outperforms the two-sided synthetic control chart monitoring the CV. The steady-state, which is have practical meaning in many situations, is also considered. We use a Markov chain method to evaluate the statistical performance of the proposed charts. Furthermore, the effect of measurement errors on synthetic control charts monitoring the CV squared is firstly investigated.|
|Appears in Collections:||CMUL: Journal Articles|
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