Randwick International of Social Science Journal
Vol. 2 No. 1 (2021): RISS Journal, January

Statistical-Economic Design of Control Chart If The Vector of Target Values of Multi-Variables Shifts With Time

Hong Mao (Shanghai Second Polytechnic University, China)
Jin Wang (Unknown)

Article Info

Publish Date
31 Jan 2021

Abstract

In this paper, the statistical-economic design of a multivariate special triangle control chart is proposed to control the processes of the quality characteristics or financial indices shifting with time. A multi-objective programming with several constraints is used to determine optimal solutions of control region (probability of false alarm), the power of finding out assignable cause(s), sample interval and sample size. An application of the statistical-economic design of a Multivariate special triangle control chart is illustrated to control the soundness of insurers of U.S

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Journal Info
Randwick International of Social Science Journal
Website

Abbrev

rissj

Publisher

RIRAI Publisher

Subject

Humanities Social Sciences

Description

The RISS Journal publishes research and analysis papers in the fields of social science include humanities such as anthropology, business studies, communication studies, corporate governance, criminology, history, culture, cross-cultural studies, ethics, education, economy, geography, philosophy, ...