Abstract
The design of statistical procedures to monitor and control the variability of production processes has received comparatively little attention in the literature. This paper considers the use of a standard deviation Control Chart for this purpose.
The derivation and some special features of economically optimal procedure designs are outlined. On the basis of one such feature, a simple scheme for the determination of approximately optimal designs is devised—the optimality criterion assumed is that of maximizing the long-run average profit per produced item.
Additional information
Notes on contributors
E. Von Collani
Dr. von Collani is a Privatdozent in the Institute of Applied Mathematics and Statistics.
J. Sheil
Dr. Sheil is a lecturer in Industrial Engineering. The work in this paper was completed while the author was in tenure of an Alexander von Humboldt-Stiftung fellowship at the University of Würzburg.