Monitoring the coefficient of variation is an effective approach to Statistical Process Control when the process mean and standard deviation are not constant but their ratio is constant. Until now, research has not investigated the monitoring of the coefficient of variation for short production runs. Viewed under this perspective, this paper proposes a new method to monitor the coefficient of variation for a finite horizon production by means of one-sided Shewhart-type charts. Tables are provided for the statistical properties of the proposed charts when the shift size is deterministic. Two illustrative examples are given in order to illustrate the use of these charts on real data.
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Castagliola et al. (2015) studied this question.
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