| Abstract: | This paper proposes a method for the economic design of cusum charts to maintain the current control of the non-normal process means. The economic design involves the determination of the design parameters that minimize a relevant cost function. An expression for the expected loss-cost function for the process is defined. An algorithm for near-optimal determination of the design parameters is presented. A computer program is designed for the application of the algorithm, and deriving the values of the design parameters and loss-cost function of an economic design of cusum chart to control non-normal process means. Also a numerical example is provided. Finally, a simplified scheme, which would be appliable at the workshop level is presented. |
