Multiobjective Genetic Algorithm Approach to the Economic Statistical Design of Control Charts with an Application to bar and S2 Charts

Control charts are the primary tools of statistical process control. These charts may be designed by using a simple rule suggested by Shewhart, a statistical criterion, an economic criterion, or a joint economic statistical criterion. Each method has its strengths and weaknesses. One weakness of the methods of design listed is their lack of flexibility and adaptability, a primary objective of practical mathematical models. In this article, we explore multiobjective models as an alternative for the methods listed. These provide a set of optimal solutions rather than a single optimal solution and thus allow the user to tailor their solution to the temporal imperative of a specific industrial situation. We present a solution to a well‐known industrial problem and compare optimal multiobjective designs with economic designs, statistical designs, economic statistical designs, and heuristic designs. Copyright © 2012 John Wiley & Sons, Ltd.