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

In this module, you will learn how to define a process and break it down into components for the purpose of identifying potential sources of variation. You will learn how to classify variation into ...

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 ...

Control charts have been widely used for monitoring production processes and identifying assignable causes of variability. Many papers investigate the application of control charts in different ...