2021
DOI: 10.1080/03610918.2021.1923744
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Multi-objective design of risk-adjusted control chart in healthcare systems with economic and statistical considerations

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Cited by 3 publications
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“…However, the economic design of control charts may lead to poor statistical properties, making managers' decisions to use control charts doubtful. Statistical properties include the probability of type I and II errors or the in-control and out-of-control Average Run Length (ARL) [8]. Saniga [9] introduced the Economic-Statistical Design (ESD) by adding type I and type II errors as constraints to Duncan's economic model to improve the statistical properties of a control chart designed with economic models.…”
Section: Introductionmentioning
confidence: 99%
“…However, the economic design of control charts may lead to poor statistical properties, making managers' decisions to use control charts doubtful. Statistical properties include the probability of type I and II errors or the in-control and out-of-control Average Run Length (ARL) [8]. Saniga [9] introduced the Economic-Statistical Design (ESD) by adding type I and type II errors as constraints to Duncan's economic model to improve the statistical properties of a control chart designed with economic models.…”
Section: Introductionmentioning
confidence: 99%