An improved Bayesian Modified-EWMA location chart and its applications in mechanical and sport industry
An improved Bayesian Modified-EWMA location chart and its applications in mechanical and sport industry
Control charts are popular tools in the statistical process control toolkit and the exponentially weighted moving average (EWMA) chart is one of its essential component for efficient process monitoring. In the present study, a new Bayesian Modified-EWMA chart is proposed for the monitoring of the location parameter in a process. …