Using Golden Ratio Search to Improve Paired Construction of Quality Control Charts

Pan, Xia; Jarrett, Jeffrey E.

doi:10.5963/ijeme0303002

Cited by 5 publications

(5 citation statements)

References 15 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The golden ratio has been used in sales strategies in the marketing field (see, e.g., Fischer, 1993;Nikolić et al, 2011;Thоmаs & Chrystаl, 2013). Pan (2013) used the golden ratio to find an optimum quality level in the quality management domain. This study concludes that the golden ratio optimizes unimodal optimisation based on the least number to find the optimal level.…”

Section: Literature On Golden Ratio and Its Applicationmentioning

confidence: 99%

Enhancing Financial Performance and Market Acceptance Through Golden Ratio-Based Capital Structure Decisions: An Empirical Investigation in the Manufacturing and Services Sectors

Khan,

Zada,

Wong

2023

AAMJAF

View full text Add to dashboard Cite

The discovery of the golden ratio and the development and the theory for the golden ratio in modern science have witnessed the use of the ratio across many fields, including business, economics and finance. However, the ratio has rarely been used in solving corporate problems, such as fundamental analysis and capital structure decisions. To bridge the gap in the literature, in this paper, we examine the role of the golden ratio in deciding the capital structure and its effect on the firm’s financial performance and market acceptance for the manufacturing and services sector listed on the Pakistan Stock Exchange for the period from 2010 to 2019. In our analysis, we find a significant association between the deviation from the capital structure and the variation of the firm’s financial performance and market acceptance by using the golden ratio. The empirical findings of this study suggest that the golden ratio is an efficient tool for measuring capital structure and is useful for firms to boost financial performance and market acceptance. In general, the findings in our paper suggest financial managers of both the manufacturing and services sectors use a 38.2% ratio of equity and 61.8% of debt at the capital structure level. To the best of our knowledge, no prior studies in the literature have examined the role of the golden ratio in deciding an optimal level of capital structure in Pakistan. Therefore, our paper has a significant contribution to the existing literature, and the empirical findings of the study are found strong and more evident for manufacturing than the services sector. Moreover, the findings in our paper also suggest managers in Pakistan apply the aforementioned percentage of debt and equity in capital structure level subject to performance measurement.

show abstract

Section: Literature On Golden Ratio and Its Applicationmentioning

confidence: 99%

Enhancing Financial Performance and Market Acceptance Through Golden Ratio-Based Capital Structure Decisions: An Empirical Investigation in the Manufacturing and Services Sectors

Khan,

Zada,

Wong

2023

AAMJAF

View full text Add to dashboard Cite

show abstract

“…(2011) customer preferences Thomas and Chrystal (2013) sales strategies Operations management Disney et al. (2004) production and inventory control Pan and Jarrett (2013) quality control Finance Fischer (1993) trading strategies Frost and Prechter (2005) stock market movements Livio (2003) stock markets Brown (2010) stock market analysis Lahutta (2016) stock markets Greenblat (2007) market conditions Bhattacharya and Kumar (2006) stock market movements Accounting Amershi and Feroz (2000) fraud detection Chapin (1957) firm growth Biancone et al. (2017) financial ratio analysis Rehwinkel (2016) capital structure analysis Source: Own construction based on Kulis and Hodzic (2020).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Operations management uses the golden ratio to determine the optimal gain in inventory and the work in progress feedback loop ( Disney et al., 2004 ). Another application is that of Pan and Jarrett (2013) , who applied a so-called ‘golden ratio search’ in quality management to search for an optimum. The golden ratio search is the use of the proportions derived from the golden ratio (0.618 and 0.382) to condense the width of the range in each step.…”

Section: Literature Reviewmentioning

confidence: 99%

Golden ratio-based capital structure as a tool for boosting firm's financial performance and market acceptance

Ulbert

Takács

Csapi

2022

Heliyon

View full text Add to dashboard Cite

“…Novak (2011) shows methods for treating the cases of rare events in many applications that have similar statistical properties as those in public health. If MPC is considered too complex for TQM, better methods for constructing univariate control charts developed by Pan and Jarrett (2012) may be useful.…”

Section: Conclusion and Suggestionsmentioning

confidence: 99%

Total quality management (TQM) movement in public health

Jarrett

2015

International Journal of Quality &Amp; Reliability Management

Self Cite

View full text Add to dashboard Cite

Purpose – The purpose of this paper is to suggest better methods for monitoring the diagnostic and treatment services for providers of public health and the management of public health services. In particular, the authors examine the construction and use of industrial quality control methods as applied to the public providers, in both the prevention and cure for infectious diseases and the quality of public health care providers in such applications including water quality standards, sewage many others. The authors suggest implementing modern multivariate applications of quality control techniques and/or better methods for univariate quality control common in industrial applications in the public health sector to both control and continuously improve public health services. These methods entitled total quality management (TQM) form the foundation to improve these public services. Design/methodology/approach – The study is designed to indicate the great need for TQM analysis to utilize methods of statistical quality control. All this is done to improve public health services through implementation of quality control and improvement methods as part of the TQM program. Examples of its use indicate that multivariate methods may be the best but other methods are suggested as well. Findings – Multivariate methods provide the best solutions when quality and reliability tests show indications that the variables observed are inter-correlated and correlated over time. Simpler methods are available when the above factors are not present. Research limitations/implications – Multivariate methods will provide for better interpretation of results, better decisions and smaller risks of both Type I and Type II errors. Smaller risks lead to better decision making and may reduce costs. Practical implications – Analysts will improve such things as the control of water quality and all aspects of public health when data are collected through experimentation and/or periodic quality management techniques. Social implications – Public health will be better monitored and the quality of life will improve for all especially in places where public development is undertaking rapid changes. Originality/value – The manuscript is original because it uses well known and scientific methods of analyzing data in area where data collection is utilized to improve public health.

show abstract

Using Golden Ratio Search to Improve Paired Construction of Quality Control Charts

Cited by 5 publications

References 15 publications

Enhancing Financial Performance and Market Acceptance Through Golden Ratio-Based Capital Structure Decisions: An Empirical Investigation in the Manufacturing and Services Sectors

Enhancing Financial Performance and Market Acceptance Through Golden Ratio-Based Capital Structure Decisions: An Empirical Investigation in the Manufacturing and Services Sectors

Golden ratio-based capital structure as a tool for boosting firm's financial performance and market acceptance

Total quality management (TQM) movement in public health

Contact Info

Product

Resources

About