Control charts for the Pareto distribution |
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Authors: | Bao-cai Guo Bing-xing Wang |
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Affiliation: | 1. Department of Statistics, Zhejiang Gongshang University, Hangzhou, 310018, China
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Abstract: | The Pareto distribution plays an important role in various areas of researchIn this paper, the average run length(ARL) unbiased control charts, which monitor the shape and threshold parameters of the Pareto distribution respectively, are proposed when the incontrol parameters are knownThe effects of parameter estimation on the performance of the proposed control charts are also studiedResults show that the control charts with the estimated parameters are not suitable to be used in the known parameter case, thus the ARL-unbiased control charts for the shape and threshold parameters with the desired ARL0, which consider the variability of the parameter estimates, are further developedThe performance of the proposed control charts is investigated in terms of the ARLFinally, an example is given to illustrate the proposed control charts. |
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