“…Based on this concept, by using the approach in (Montgomery 2001 p. 532) [5] which is represented again in (Montgomery 2005 p. 511) [6] and by considering correlation matrix as the covariance matrix when all variables are standardized, monitoring the stability of correlation structure is equivalent to repeated tests of significance of the hypothesis that the process correlation matrix is equal to a particular matrix of constants. See (Wierda 1994) [2], (Sullivan et al, 1996) [3] and (Woodall et al, 1999) [4] for a general discussion and (Alt et al, 1988) [1], (Tang et al, 1996a) [39], (Tang et al, 1996b) [40], (Khoo et al, 2003) [41], (Khoo et al, 2004) [42], and (Djauhari 2005) [7] for monitoring covariance structure. This paper is organized as follows.…”