A control chart plots measured values along with upper and lower quality control limits. Values appearing outside these limits are unacceptable and could indicate a manufacturing problem. Although ...

In an attempt to improve the procedures for statistical process control many researchers have developed and proposed a variety of adaptive control charts in the last decade. The common characteristic ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Many types of control charts have an ability to detect process changes that can weaken over time depending on the past data observed. This is often referred to as the "inertia problem." We propose a ...

Control chart- a time-ordered plot of sample statistics, used to distinguish between random and nonrandom variability Control limits- the dividing lines between random and nonrandom deviations from ...

The courses offered in this catalog are a curated collection of learning materials that provide an overview of Industry 4.0. It is designed to provide resources that businesses can use to understand ...