Opportunities for Improved Statistical Process Control

• Main Authors: ANGELUS, Alexandar, Evan, Porteus
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 1997
• Subjects: Business Administration, Management, and Operations
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/1052
• Institution: Singapore Management University

A Bayesian dynamic programming model builds on existing models to account for inspection delay, choice of keeping production going during inspection and/or restoration, and lot sizing. How dynamic statistical process control rules can improve on traditional, static ones is described. Numerical examp...