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Economically optimum design of Cusum charts to control normal means. (English) Zbl 0832.90049

Summary: In 1974, Chiu employed a two-dimensional Fibonacci search to obtain an optimum design of Cusum charts. Subsequently, in 1982, Lashkari and Rahim presented an algorithm to find the design parameters of Cusum charts as well. Their algorithms are rather complicated. The main purpose of this paper is to propose a simplified, accurate and efficient solution algorithm for the economic design of Cusum charts.

MSC:

90B30 Production models
90B25 Reliability, availability, maintenance, inspection in operations research
62P30 Applications of statistics in engineering and industry; control charts
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