ECONOMIC AND ECONOMIC-STATISTICAL DESIGN OF FRS BAYESIAN CONTROL CHART USING MONTE CARLO METHOD AND ARTIFICIAL BEE COLONY ALGORITHM (ABC)

Abstract

In this paper, instead of traditional statistics, the Bayesian statistic has been considered incontrol charts based on economic and economic-statistical design. Due to the fact that this statistic does nothave any speciŞed distribution, the Monte Carlo method and artiŞcial bee colony (ABC) algorithm have beenutilized in order to obtain design optimum parameters (sample size, sampling interval and control limit). Thestudy indicates that the Bayesian statistic performance of control charts can be effective in this optimizationproblem. In addition, Numerical and comparison section are presented to support this proposition