Ontology highlight
ABSTRACT:
SUBMITTER: Iqbal J
PROVIDER: S-EPMC10692141 | biostudies-literature | 2023 Dec
REPOSITORIES: biostudies-literature
Iqbal Javed J Noor-Ul-Amin Muhammad M Khan Imad I AlQahtani Salman A SA Yasmeen Uzma U Ahmad Bakhtyar B
Scientific reports 20231201 1
In this article, we introduce a novel Bayesian Max-EWMA control chart under various loss functions to concurrently monitor the mean and variance of a normally distributed process. The Bayesian Max-EWMA control chart exhibit strong overall performance in detecting shifts in both mean and dispersion across various magnitudes. To evaluate the performance of the proposed control chart, we employ Monte Carlo simulation methods to compute their run length characteristics. We conduct an extensive compa ...[more]