The extent to which products meet specifications needs to be systematically monitored in a production process. Product quality will typically be defined by two quantities: deviations from stated ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Control charts have been widely used for monitoring production processes and identifying assignable causes of variability. Many papers investigate the application of control charts in different ...

Control charts that are properly constructed and maintained prevent false out-of-control signals and provide a useful method for monitoring a process. Process control is and has been an important ...

Total Quality Management (TQM) refers to management methods used to enhance quality and productivity in business organizations. TQM is a comprehensive management approach that works horizontally ...

Pharmaceutical products are controlled by quality regulations that ensure the finished drug product has the required identity and purity characteristics. If a pharmaceutical product does not meet ...

Statistical process control (SPC) charts provide a natural approach to analysing time series data for healthcare quality ...