A generally weighted moving average chart for time between events
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Date
Authors
Chakraborty, Niladri
Human, Schalk William
Balakrishnan, N.
Journal Title
Journal ISSN
Volume Title
Publisher
Taylor and Francis
Abstract
Shewhart-type attribute charts are known to be inefficient for small changes in monitoring nonconformities. An alternative way is to use a time-weighted chart to monitor the time between events (TBE). We propose a one-sided Generally Weighted Moving Average control chart to monitor the time between events (TBE); regarded as the GWMA-TBE chart. To aid the implementation of the chart, the necessary design parameters are provided. An extensive performance analysis shows that the GWMA-TBE chart is better than the well-known EWMA and Shewhart charts at detecting very small to moderate changes. Finally, a summary and some conclusions are provided.
Description
Keywords
Time between events (TBE), Generally weighted moving average (GWMA), Average run-length (ARL), GWMA chart, Markov chain, Simulation, Design, Run lengths, CUSUM schemes, Initial response features
Sustainable Development Goals
Citation
N. Chakraborty, S.W. Human & N. Balakrishnan (2017) A generally weighted moving average chart for time between events, Communications in Statistics - Simulation and Computation, 46:10, 7790-7817, DOI: 10.1080/03610918.2016.1252397.