Stochastic Differential Equation Modeling of Target Tracking Errors
Abstract
The purpose of this paper is to introduce the application of statistical process monitoring methods for mean-reverting diffusion processes. To develop the statistical process monitoring of a mean-reverting diffusion process, at first, it is assumed that the process is the sum of squares of standard Ornstein-Uhlenbeck (OU) processes. Using this assumption, the resulting process is characterized and its capability metrics are calculated. Then, the assumption is relaxed, and a generalized control charting method is provided for any diffusion process when the generalized method of moments is used for the estimation of the process parameters.
Document Details
- Document Type
- Technical Report
- Publication Date
- Mar 04, 2021
- Accession Number
- AD1133166
Entities
People
- Erich Brownlow
- James Brownlow
- Robert Poulsen
- Shokoufeh Mirzaei
Organizations
- California Polytechnic State University