Integrated Bayesian reliability assessment during equipment development

With the merit of Bayes' theorem, this paper proposes an integrated Bayesian approach for reliability assessment during equipment development. By considering the prior information, this approach can provide useful information to use for decision-making. A numerical example is given to illustrat...

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Bibliographic Details
Published in:The International journal of quality & reliability management 1999-12, Vol.16 (9), p.892-902
Main Authors: Ke, Huei-Yaw, Shen, Fu-Fan
Format: Article
Language:English
Subjects:
Bayesian analysis
Bayesian statistics
Decision making
Distribution
Engineering
Expected values
Failure
Growth models
Industrial equipment
Mathematical models
Random variables
Reliability
Studies
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Summary:With the merit of Bayes' theorem, this paper proposes an integrated Bayesian approach for reliability assessment during equipment development. By considering the prior information, this approach can provide useful information to use for decision-making. A numerical example is given to illustrate the applicability of the proposed approach. It is believed that the proposed approach would be helpful for the project manager to focus attention on the key problems to resolve them early so as to ensure the greatest probability for project success.
ISSN:0265-671X
1758-6682
DOI:10.1108/02656719910295440