Economic design of a Bayesian chart for short-run production

MaRDI QIDQ4900593zbMATH OpenFDO

Authors Pengwei Zhang, Qin Su, Wei-Yan Liu

Publication date 24 January 2013

zbMATH Keywords

Bayesian updatingdynamic control charteconomic designshort-run

Mathematics Subject Classification ID

Robust parameter designs (62K25) Applications of statistics in engineering and industry; control charts (62P30) Production theory, theory of the firm (91B38)

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(7)

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• Bayesian economic cost plans. III: The lot mean relative to a quality characteristic
• Economic Design of Max Charts
• Optimisation of fully adaptive Bayesian \(\bar{X}\) charts for infinite-horizon processes
• Economic and economic-statistical design of FRS Bayesian control chart using Monte Carlo method and artificial bee colony algorithm (ABC)
• Multivariate Bayesian process control for a finite production run

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