Monitoring the coefficient of variation using a variable parameters chart
This article is the first of its kind which proposes a Variable Parameters (VP) chart to monitor the coefficient of variation (CV). Formulae for various performance measures and the algorithms to optimize these performance measures are proposed. The VP CV chart consistently outperforms the five alte...
Main Authors: | Yeong, Wai Chung, Lim, Sok Li, Khoo, Michael Boon Chong, Castagliola, Philippe |
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Format: | Article |
Published: |
Taylor & Francis
2018
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Subjects: |
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