On the conditional performance of the synthetic chart with unknown process parameters using the exceedance

XueLong Hu1,2, AnAn Tang1, YuLong Qiao3

  • 1School of Management, Nanjing University of Posts and Telecommunications, Nanjing, China.

Plos One
|October 5, 2020
PubMed
Summary

This study enhances the synthetic control chart by adjusting limits using the exceedance probability criterion (EPC). This improves performance, especially with limited Phase I data, offering a computationally efficient alternative to bootstrap methods.

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