| Summary: | The time-between-events idea is commonly used for monitoring high-quality processes. This study aims to monitor the increase and/or decrease in the process mean rapidly using a one-sided exponentially weighted moving average (EWMA) chart for the detection of upward or downward mean shifts using a truncated gamma distribution. The use of the truncation method helps to enhance and improve the sensitivity of the proposed chart. The performance of the proposed chart with known and estimated parameters is analyzed by using the run length properties, including the average run length (ARL) and standard deviation run length (SDRL), through extensive Monte Carlo simulation. The numerical results show that the proposed scheme is more sensitive than the existing ones. Finally, the chart is implemented in real-world situations to highlight the significance of the proposed chart.
|
|---|