UMSI 2000 Annual Report: Kevin Linderman, Principal Investigator Previous Page  |  Table of Contents  |  Next Page

Kevin Linderman, Principal Investigator


Robust Economic Design of Control Charts

Designing a control chart means making fundamental decisions about the control chart parameters. Traditionally, practitioners select design parameters using ad hoc procedures or general guidelines. Academic research has been challenging this tradition by introducing more rigorous criterion for selecting the design parameters. These methods include selecting control chart designs based on economic and economic-statistical criterion. This research develops the concept of Robust Economic Design of control charts that it selects the best design parameters across a wide variety of scenarios