1.Government Graduate College of Science, Wahdat Road, Lahore, Pakistan2 COMSATS University Islamabad, Lahore Campus, Lahore, Pakistan3 Institute of Business & Management, University of Engineering and Technology, Lahore, Pakistan
Abstract:
The continuous monitoring of the machine is beneficial in improving its process reliability through reflected power function distribution. It is substantial for identifying and removing errors at the early stages of production that ultimately benefit the firms in cost-saving and quality improvement. The current study introduces control charts that help the manufacturing concerns to keep the production process in control. It presents an exponentially weighted moving average and extended exponentially weighted moving average and then compared their performance. The percentiles estimator and the modified maximum likelihood estimator are used to constructing the control charts. The findings suggest that an extended exponentially weighted moving average control chart based on the percentiles estimator performs better than exponentially weighted moving average control charts based on the percentiles estimator and modified maximum likelihood estimator. Further, these results will help the firms in the early detection of errors that enhance the process reliability of the telecommunications and financing industry.