Control charts have two general uses in an improvement project. Undeniably, the most common application is as a tool to ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

The extent to which products meet specifications needs to be systematically monitored in a production process. Product quality will typically be defined by two quantities: deviations from stated ...

Control charts for monitoring the process mean μ and process standard deviation σ are often based on samples of n > 1 observations, but in many applications individual observations are used (n = 1).

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 ...