“…Saniga (1989) has obtained economic-statistical design of X and R chart, which gives economic design with improved statistical properties at slight increase in loss cost. The considerable work on economic design of control charts is also carried out by Banerjee & Rahim (1987), Reynolds Junior et al (1988), McWillims (1989, Koo & Case (1990), Bai & Lee (1998), Chou et al (2001), Chen (2004), Chen & Yeh (2006), Mahadik & Shirke (2007), Patil & Rattihalli (2009), Yeh & Chen (2010), Patil & Shirke (2015) and many others. The work by these researchers has made consistent improvement in the economic design of different types of control chart.…”