control limits


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Control Limits

The upper and lower limits on the acceptable level of cash that minimizes the sum of the opportunity cost of excessive cash and the cost of marketable security transactions.

control limits

see CONTROL CHART.
References in periodicals archive ?
Identifying what is normal variation allows us to establish control limits for the outputs.
In a control chart, control limits and zones are added to the chart and allow the team to predict process behavior and capabilities.
A quality control solution to assess the accuracy and precision of parameters and control limits for abl analyzers, pcs.
Control limits are built from evidence-based methods, specific to that test method, to detect any abnormal change.
The width of control limits is determined by considering the tradeoff between the required type I error rate and expected type II error rate.
So fault damage precursor as well as the control limits should be determined before online RUL prediction.
By collecting and charting data, the business can identify when a process is transitioning toward the control limits. The metalcaster then can work to reduce variation and tighten process controls until they are folly inside the limits.
First, the decisions of the upper and lower control limits of stock in the supermarket area are critical and may need to be reviewed and adjusted from time to time.
A Shewhart chart is defined as "a graphical and analytical tool for monitoring process variation; the natural variation in a process can be quantified using a set of control limits."
Quality control limits for pass/fail can be superimposed on the graph so that the decision to accept or reject product is automatic; no human interpretation is required.
They each took a number of acquisitions of NIST SRM 2460 Standard Bullets and 2461 Standard Cartridge Cases over the course of about a year, and the acquired images were correlated with Golden Images at the National Laboratory Center of ATF, from which control charts and control limits have been developed.
Reference (8) presented modified control limits for maintaining control of a process, when the data were assumed to be dependent and following a second order autoregressive process (AR(2) model).