Publication Cover
Sequential Analysis
Design Methods and Applications
Volume 8, 1989 - Issue 3
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Original Articles

Multivariate control charts: a loss function approach

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Pages 253-268 | Published online: 29 Mar 2007
 

Abstract

A method for obtaining multivariate control procedures based on a loss function is proposed and studied. This involves constructing a function that measures the extent of "out of control" conditions associated with any configuration of paramenter values, and then basing a control chart on a sequence of sample statistics whose expected values are equal to this function. The method is illustrated by obtaining cumulative sum procedure for bivariate and trivariate normal distributions.

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