Integration of Taguchi's loss function in the economic design of x̄-control charts with increasing failure rate and early replacement

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

3 Scopus citations

Abstract

In this paper, Taguchi's quadratic loss function is incorporated 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 in the general model for the economic design of x̄ -control charts developed by Banerjee and Rahim [1]. Both cases of increasing hazard rate (Weibull failure rate) and constant hazard rate (exponential distribution) will be presented and followed by numerical examples. Finally, sensitivity analysis is conducted to study the effect of important parameters on the cost. Suggestions for further research are also included.

Original languageEnglish
Title of host publicationIEEM 2007
Subtitle of host publication2007 IEEE International Conference on Industrial Engineering and Engineering Management
Pages1209-1215
Number of pages7
DOIs
StatePublished - 2007

Publication series

NameIEEM 2007: 2007 IEEE International Conference on Industrial Engineering and Engineering Management

Keywords

  • Control charts
  • Costs
  • Modeling
  • Taguchi methods

ASJC Scopus subject areas

  • Strategy and Management
  • Industrial and Manufacturing Engineering

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