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Multi-vari Chart
In quality control, multi-vari charts are a visual way of presenting variability through a series of charts. The content and format of the charts has evolved over time. Original concept Multi-vari charts were first described by Leonard Seder in 1950, though they were developed independently by multiple sources. They were inspired by the stock market candlestick charts or open-high-low-close charts. As originally conceived, the multi-vari chart resembles a Shewhart individuals control chart with the following differences: *The quality characteristic of interest is measured at two extremes (around its diameter, along its length, or across its surface) and these measurements are plotted as vertical lines connecting the minimum and maximum values over time. *The quality characteristic of interest is plotted across three horizontal panels that represent: :*Variability on a single piece :*Piece-to-piece variability :*Time-to-time variability *The quality characteristic of interest is p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quality Control
Quality control (QC) is a process by which entities review the quality of all factors involved in production. ISO 9000 defines quality control as "a part of quality management focused on fulfilling quality requirements". This approach places emphasis on three aspects (enshrined in standards such as ISO 9001): # Elements such as controls, job management, defined and well managed processes, performance and integrity criteria, and identification of records # Competence, such as knowledge, skills, experience, and qualifications # Soft elements, such as personnel, integrity, confidence, organizational culture, motivation, team spirit, and quality relationships. Inspection is a major component of quality control, where physical product is examined visually (or the end results of a service are analyzed). Product inspectors will be provided with lists and descriptions of unacceptable product defects such as cracks or surface blemishes for example. History and introduction Ea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York, New York
New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the United States, and is more than twice as populous as second-place Los Angeles. New York City lies at the southern tip of New York State, and constitutes the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the world by urban landmass. With over 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York is one of the world's most populous megacities, and over 58 million people live within of the city. New York City is a global cultural, financial, entertainment, and media center with a significant influence on commerce, health care and life sciences, research, technology, education, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Society For Quality
The American Society for Quality (ASQ), formerly the American Society for Quality Control (ASQC), is a society of quality professionals, with nearly 80,000 members. History ASQC was established on 16 February 1946 by 253 members in Milwaukee, Wisconsin, with George D. Edwards as its first president. The organization was first created as a way for quality experts and manufacturers to sustain quality-improvement techniques used during World War II. In 1948, ASQC's Code of Ethics establishes standards for members to conduct their activities and business. Business writer Armand V. Feigenbaum served as president of the society in 1961–63. In 1997, the members of the organization voted to change its name from "American Society for Quality Control" to "American Society for Quality". Today, ASQ is a global organization with members in more than 140 countries. ASQ operates regional centers in North Asia, South Asia, Latin America, the Middle East/Africa and has established strategi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Candlestick Chart
A candlestick chart (also called Japanese candlestick chart or K-line) is a style of financial chart used to describe price movements of a security, derivative, or currency. It is similar to a bar chart in that each candlestick represents all four important pieces of information for that day: open and close in the thick body; high and low in the “candle wick”. Being densely packed with information, it tends to represent trading patterns over short periods of time, often a few days or a few trading sessions. Candlestick charts are most often used in technical analysis of equity and currency price patterns. They are used by traders to determine possible price movement based on past patterns, and who use the opening price, closing price, high and low of that time period. They are visually similar to box plots, though box plots show different information. History Candlestick charts are thought to have been developed in the 18th century by Munehisa Homma, a Japanese rice tra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Open-high-low-close Chart
An open-high-low-close chart (also OHLC) is a type of chart typically used to illustrate movements in the price of a financial instrument over time. Each vertical line on the chart shows the price range (the highest and lowest prices) over one unit of time, e.g., one day or one hour. Tick marks project from each side of the line indicating the opening price (e.g., for a daily bar chart this would be the starting price for that day) on the left, and the closing price for that time period on the right. The bars may be shown in different hues depending on whether prices rose or fell in that period. The Japanese candlestick chart and OHLC charts show exactly the same data, i.e., the opening, high, low, and closing prices during a particular time frame.Rockefeller, Barbara (Feb. 6 2014). ''Technical Analysis for Dummies'', 3rd Edition. Wiley Publishing, Inc. Day traders, who by default have to watch the price movements on a chart, prefer to use the Japanese candlesticks, because they ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
McGraw-Hill
McGraw Hill is an American educational publishing company and one of the "big three" educational publishers that publishes educational content, software, and services for pre-K through postgraduate education. The company also publishes reference and trade publications for the medical, business, and engineering professions. McGraw Hill operates in 28 countries, has about 4,000 employees globally, and offers products and services to about 140 countries in about 60 languages. Formerly a division of The McGraw Hill Companies (later renamed McGraw Hill Financial, now S&P Global), McGraw Hill Education was divested and acquired by Apollo Global Management in March 2013 for $2.4 billion in cash. McGraw Hill was sold in 2021 to Platinum Equity for $4.5 billion. Corporate History McGraw Hill was founded in 1888 when James H. McGraw, co-founder of the company, purchased the ''American Journal of Railway Appliances''. He continued to add further publications, eventually establishing The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shewhart Individuals Control Chart
In statistical quality control, the individual/moving-range chart is a type of control chart used to monitor variables data from a business or industrial process for which it is impractical to use rational subgroups. The chart is necessary in the following situations: #Where automation allows inspection of each unit, so rational subgrouping has less benefit. #Where production is slow so that waiting for enough samples to make a rational subgroup unacceptably delays monitoring #For processes that produce homogeneous batches (e.g., chemical) where repeat measurements vary primarily because of measurement error The "chart" actually consists of a pair of charts: one, the individuals chart, displays the individual measured values; the other, the moving range chart, displays the difference from one point to the next. As with other control charts, these two charts enable the user to monitor a process for shifts in the process that alter the mean or variance of the measured statistic. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Specification (technical Standard)
A specification often refers to a set of documented requirements to be satisfied by a material, design, product, or service. A specification is often a type of technical standard. There are different types of technical or engineering specifications (specs), and the term is used differently in different technical contexts. They often refer to particular documents, and/or particular information within them. The word ''specification'' is broadly defined as "to state explicitly or in detail" or "to be specific". A requirement specification is a documented requirement, or set of documented requirements, to be satisfied by a given material, design, product, service, etc. It is a common early part of engineering design and product development processes in many fields. A functional specification is a kind of requirement specification, and may show functional block diagrams. A design or product specification describes the features of the ''solutions'' for the Requirement Specification, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Control Limits
Process Window Index (PWI) is a statistical measure that quantifies the robustness of a manufacturing process, e.g. one which involves heating and cooling, known as a thermal process. In manufacturing industry, PWI values are used to calibrate the heating and cooling of soldering jobs (known as a thermal profile) while baked in a reflow oven. PWI measures how well a process fits into a user-defined process limit known as the specification limit. The specification limit is the tolerance allowed for the process and may be statistically determined. Industrially, these specification limits are known as the ''process window'', and values that a plotted inside or outside this window are known as the process window index. Using PWI values, processes can be accurately measured, analyzed, compared, and tracked at the same level of statistical process control and quality control available to other manufacturing processes. Statistical process control Process capability is the ability of a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Range (statistics)
In statistics, the range of a set of data is the difference between the largest and smallest values, the result of subtracting the sample maximum and minimum. It is expressed in the same units as the data. In descriptive statistics, range is the size of the smallest interval which contains all the data and provides an indication of statistical dispersion. Since it only depends on two of the observations, it is most useful in representing the dispersion of small data sets. For continuous IID random variables For ''n'' independent and identically distributed continuous random variables ''X''1, ''X''2, ..., ''X''''n'' with the cumulative distribution function G(''x'') and a probability density function g(''x''), let T denote the range of them, that is, T= max(''X''1, ''X''2, ..., ''X''''n'')- min(''X''1, ''X''2, ..., ''X''''n''). Distribution The range, T, has the cumulative distribution function ::F(t)= n \int_^\infty g(x)(x+t)-G(x) \, \textx. Gumbel notes that the "beauty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Process Capability
The process capability is a measurable property of a process to the specification, expressed as a process capability index (e.g., Cpk or Cpm) or as a process performance index (e.g., Ppk or Ppm). The output of this measurement is often illustrated by a histogram and calculations that predict how many parts will be produced out of specification (OOS). Two parts of process capability are: 1) measure the variability of the output of a process, and 2) compare that variability with a proposed specification or product tolerance. Capabilities The input of a process usually has at least one or more measurable characteristics that are used to specify outputs. These can be analyzed statistically; where the output data shows a normal distribution the process can be described by the process mean (average) and the standard deviation. A process needs to be established with appropriate process controls in place. A control chart analysis is used to determine whether the process is "in statist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stationary Process
In mathematics and statistics, a stationary process (or a strict/strictly stationary process or strong/strongly stationary process) is a stochastic process whose unconditional joint probability distribution does not change when shifted in time. Consequently, parameters such as mean and variance also do not change over time. If you draw a line through the middle of a stationary process then it should be flat; it may have 'seasonal' cycles, but overall it does not trend up nor down. Since stationarity is an assumption underlying many statistical procedures used in time series analysis, non-stationary data are often transformed to become stationary. The most common cause of violation of stationarity is a trend in the mean, which can be due either to the presence of a unit root or of a deterministic trend. In the former case of a unit root, stochastic shocks have permanent effects, and the process is not mean-reverting. In the latter case of a deterministic trend, the process is called ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
