A new right-skewed loss function in process risk assessment
Küçük Resim Yok
Tarih
2019
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Inderscience Enterprises Ltd
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
Due to globalisation, competitive companies realise that providing a more reliable, predictable, and robust product/process is a prerequisite for satisfying their customers and running a successful operation. Many quality improvement techniques focus on reducing process variation in line with the doss to society' concept. The widespread use of loss functions in industrial applications has increased their popularity with different loss-handling features. Developments relating to the inverted probability density functions (PDFs) have allowed the application of particular loss functions in a wide range. This paper presents the inverted Wald loss function as a new member of the inverted probability loss family. The important features of the proposed right-skewed loss function are discussed, and the risk functions associated with some process distributions of interest are obtained. Moreover, the proposed loss function and its performance are illustrated on the basis of a comparative study and an industrial example, including the monitoring of loss.
Açıklama
Anahtar Kelimeler
asymmetric quality loss functions, inverted Wald loss function, IWLF, risk function, inverted probability loss functions, Wald distribution
Kaynak
European Journal of Industrial Engineering
WoS Q Değeri
Q4
Scopus Q Değeri
Q2
Cilt
13
Sayı
4
