Loss-based process capability indices: a review
Process capability indices (PCIs) are appropriate tools to measure the inherent capability of a process, but most of them do not consider the losses of a process, while in today's competitive business environment, it is becoming more and more important for companies to evaluate and minimise the...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Inderscience Publishers
2011
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| Online Access: | http://psasir.upm.edu.my/id/eprint/22981/1/Loss-based%20process%20capability%20indices%20a%20review.pdf http://psasir.upm.edu.my/id/eprint/22981/ http://www.inderscienceonline.com/doi/abs/10.1504/IJPQM.2011.037729 |
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| Summary: | Process capability indices (PCIs) are appropriate tools to measure the inherent capability of a process, but most of them do not consider the losses of a process, while in today's competitive business environment, it is becoming more and more important for companies to evaluate and minimise their losses. This paper presents a review of loss-based PCIs such as Cpm, C pmk, PCIθ, Cpc, Le and L"e. This paper also discusses characteristics of loss-based PCIs such as reject based, asymmetric, bounded, loss based and target based. Finally, recommendations were made for developing a new loss-based process capability index with more excellent specifications. |
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