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Monitoring, Forecasting and Optimization Technique When Multi-variables Shift with Time
Keywords
Entrepreneurial orientation, sustainability oriented innovations, Knowledge Management process, small and medium sized enterprises
Abstract
In this paper, the quality control technique and the optimization of adjustment interval of one dimensional quality characteristic are extended to multi-dimensional case in which the vector of the quality characteristics or important financial indices of firms shifts with time. A special multivariate triangle control chart is proposed to control such kind of process. An application is illustrated to monitor and predict the soundness of insurers of U.S. Finally, 7 important issues for further study in future are presented.