Max-EWMA Chart Using Beta and Simplex Distributions for Time and Magnitude Monitoring
Sajid Ali, Muhammad Farhan Akram, Ismail Shah
Source abstract
Control charts are used to detect assignable causes in different manufacturing and nonmanufacturing processes. This study presents a new maximum exponentially weighted moving average (Max-EWMA) chart for joint unit interval time and magnitude monitoring. To this end, beta distribution is considered for time whereas simplex distribution is used for magnitude. Average run length (ARL), standard deviation of run length (SDRL), and different quantiles are used to evaluate the performance of the Max-EWMA chart. A real data example is also included in the study to show the application of the proposed chart. The results provide evidences that the Max-EWMA chart is efficient in detecting small- to medium-sized shifts.
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