At the research and development stage of a product, the manufacturer usually faces the problem of selecting the most reliable design among several competing ones for some parts (or components) of the product in order to enhance the product's quality. It is a great challenge for the manufacturer...

Proposes a renewal theory approach to derive the cost model for two dependent processes. Thus, constructs the economic individual X chart and cause‐selecting chart to monitor the two processes. They may be used to maintain the process with minimum cost and effectively distinguish which...