Abstract
In this paper we incorporate Taguchi's loss function in the economic design of the control chart. This is done by redefining the in-control and out-of-control costs using Taguchi's loss function. The new model brings Taguchi's off-line concepts to the classical SPC approach and continues to have the advantages of the economic design model by taking into consideration the cost consequences of the design. Sensitivity analysis with respect to important model parameters is discussed.
Original language | English |
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Pages (from-to) | 607-619 |
Number of pages | 13 |
Journal | International Journal of Quality and Reliability Management |
Volume | 20 |
Issue number | 5 |
DOIs | |
State | Published - 2003 |
Keywords
- Control charts
- Costs
- Modelling
- Taguchi methods
ASJC Scopus subject areas
- General Business, Management and Accounting
- Strategy and Management