Designing of parameters plays an important role in economic design of control charts for lowering the cost and time. Manipulating sample size (n) and sampling interval (h), the effect of double exponentially weighted moving average (DEWMA) model was studied for the Economic Design (ED) of X̅ control chart. Optimum sizes and level were obtained when the characteristics of an item possesses DEWMA model. When shifts are uncertain the optimal design for DEWMA chart should be more conservative and should be implemented for benefiting the consumers as well as producers.
Khanday, M. A., & Singh, J. R. (2019). Economic design of X̅ control chart under double EWMA. Journal of Modern Applied Statistical Methods, 18(2), eP2793. doi: 10.22237/jmasm/1604189520