Document Type: Research Note
Department of Mathematics and Statistics, King Fahd University of Petroleum and Minerals, Dhahran 31261, Kingdom of Saudi Arabia
Control chart is widely used to monitor the quality of products of industrial or business processes. Max-CUSUM and Max-EWMA are based on memory-type control charts that monitor the process mean and standard deviation simultaneously. This article introduces four new control charts that monitor the process mean and dispersion simultaneously. The proposed control charting schemes are compared with the existing counterparts including Max-EWMA, Max-CUSUM, SS-EWMA and SS-CUSUM. A case study is presented for practical considerations using a real dataset.