I'm busy with a small project where a large amount of samples have been taken from a manufacturing process (2700 samples of 11 items). A specified Upper and Lower Specification Limit has been set, and items under the LSL are said to cost $3 to fix, while items above the USL are said to cost $5 to fix. The data is spread with a uniform distribution.
How would I go about deciding where to centre the process (given that the distribution would stay the same along the centre line) to minimize total cost? I know how to do it iteratively, but I'd like a more optimal way to solve this problem.
EDIT: Here is an example of the data I'm working with.
One sample would be, for instance
- 45.62565379
- 47.06496942
- 46.39000538
- 46.44387364
- 45.81911053
- 45.25935862
- 48.75357907
- 46.50918593
- 46.87072887
- 46.60195194
- 48.09000017
There are 2701 more samples like the one above (albeit with different values) making up my population. The population mean is 47.66 and population standard deviation is 1.425. The UCL is 48.98 and the LCL is 46.34. The USL has been set to 50 and the LSL to 45.
Currently the process is centered around the population mean, but the amount of samples with means above 50 is proportionally larger than that of the amount of samples with means under 45, meaning that the process is more expensive, as it costs $5 to fix a batch above the USL and only $3 to fix it under the LSL. How do I decide where to centre the process if its distribution around the centre line will remain the same to minimize cost?