control limits

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  • Control limits — Control limits, also known as natural process limits, are horizontal lines drawn on a statistical process control chart, usually at a distance of ±3 standard deviations of the plotted statistic from the statistic s mean. Control limits should not …   Wikipedia

  • control limits — The upper and lower limits on the acceptable level of cash that minimizes the sum of the opportunity cost ( opportunity costs) of excessive cash and the cost of marketable security transactions. Bloomberg Financial Dictionary …   Financial and business terms

  • control limits — Fin quantities or values outside which managerial action is triggered. See also management by exception …   The ultimate business dictionary

  • Control chart — One of the Seven Basic Tools of Quality First described by Walter A. Shewhart …   Wikipedia

  • Control (management) — Controlling is one of the managerial functions like planning, organizing, staffing and directing. It is an important function because it helps to check the errors and to take the corrective action so that deviation from standards are minimized… …   Wikipedia

  • Control of Asbestos Regulations 2006 — The Control of Asbestos Regulations 2006 came into force in the United Kingdom on 13 November 2006 and brought together a number of other asbestos related pieces of legislation.[1] The pieces of legislation the regulations revoked and replaced… …   Wikipedia

  • Control-Feedback-Abort Loop — Too often systems fail, sometimes leading to significant loss of life, fortunes and confidence in the provider of a product or service. It was determined that a simple and useful tool was needed to help in the analysis of interactions of groups… …   Wikipedia

  • Control of Vibration at Work Regulations 2005 — The Control of Vibration at Work Regulations 2005 are set of regulations created under the Health and Safety at Work etc. Act 1974 which came into force in Great Britain on 6 July 2005.[1] The Regulations place a duty on employers to reduce the… …   Wikipedia

  • control chart — A graphical representation of the statistically derived performance limits (normally ±2 standard deviations), which is used in statistical process control By recording samples on a control chart, it is possible to identify the trends and to take… …   Big dictionary of business and management

  • control — con|trol1 W1S1 [kənˈtrəul US ˈtroul] n ▬▬▬▬▬▬▬ 1¦(make somebody/something do what you want)¦ 2¦(power)¦ 3¦(way of limiting something)¦ 4¦(ability to stay calm)¦ 5¦(machine/vehicle)¦ 6¦(people who organize activity)¦ 7¦(scientific test)¦… …   Dictionary of contemporary English

  • control — con|trol1 [ kən troul ] noun *** ▸ 1 power to make decisions ▸ 2 power over machine etc. ▸ 3 law limiting something ▸ 4 ability to stop problem ▸ 5 ability to remain calm ▸ 6 switch on machine ▸ 7 in scientific test ▸ 8 check rules are applied ▸… …   Usage of the words and phrases in modern English

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