Background: The stock exchange, as a regulated financial market, in modern economies reflects their economic development level. The stock market indicates the mood of investors in the development of a country and is an important ingredient for growth. Objectives: This paper aims to introduce an...

The dates of U.S. business cycle are reported by NBER with a considerable delay, so an early notion of turning points is of particular interest. This paper proposes a novel sequential approach designed for timely signaling these turning points. A directional cumulated sum decision rule is...

Statistical process control has been widely applied to manufacturing and service operations with the aim of monitoring and improving the reliability of products. The existing monitoring procedures were introduced following the assumption that a single-stage process with independent quality...

Today’s competitive market has witnessed a growing interest in improving the reliability of products in both service and industrial operations. A large number of monitoring schemes have been introduced to effectively control the reliability-related quality characteristics. These methods have...

The dates of U.S. business cycle are reported by NBER with a considerable delay, so an early notion of turning points is of particular interest. This paper proposes a novel sequential approach designed for timely signaling these turning points. A directional cumulated sum decision rule is...

This article studies a unique feature of the binomial CUSUM chart in which the difference (dt-d0) is replaced by (dt-d0)2 in the formulation of the cumulative sum Ct (where dt and d0 are the actual and in-control numbers of nonconforming units, respectively, in a sample). Performance studies are...