Abstract
The coefficient of variation (CV), a measure of relative variability, is an important quality characteristic for a manufacturing process especially when the variance becomes a function of the mean. In this paper, for the first time, we develop four memory-type control charts for monitoring the CV of a normal process using individual observations, namely Crosier CUSUM (CC), EWMA, adaptive CC and adaptive EWMA charts. In addition, the sensitivities of these CV charts are also enhanced via an auxiliary information based CV estimator. The run length characteristics of these control charts are computed using Monte Carlo simulations. The proposed CV charts are also applied on a real dataset related to dowel pins.
2010 Mathematics Subject Classification:
Acknowledgments
The authors are thankful to the associate editor and the anonymous reviewers for providing useful comments that led to an improved version of the article.
Disclosure statement
No potential conflict of interest was reported by the author(s).