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 chart- a time-ordered plot of sample statistics, used to distinguish between random and nonrandom variability Control limits- the dividing lines between random and nonrandom deviations from ...

Many types of control charts have an ability to detect process changes that can weaken over time depending on the past data observed. This is often referred to as the "inertia problem." We propose a ...

Japanese manufacturers adopted quality-control theories developed by American experts to rebuild the Japanese industrial base after the Second World War. Japanese experts such as Dr. Kaoru Ishikawa ...

SpaceX's Starlink satellite constellation, one of the most ambitious space-based internet projects, relies heavily on a meticulous and efficient manufacturing and quality control process. Here’s a ...

Atal Bansal is the Founder and CEO at Chetu, a global U.S.-based custom software solutions and support services provider. For centuries, quality control inspection has been time-consuming and ...