Bayesian estimation of the limiting availability in a repairable one-unit system
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Date
1/01/2019
Open Access Location
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Facultad de Ciencias. Departamento de Estadística, Universidad Nacional de Colombia (Sede Bogotá)
Rights
Abstract
This work presents a Bayesian approach for estimating the limiting availability of an one-unit repairable system. A Bayesian analysis is developed
considering an informative prior and a less informative prior distribution,
respectively. Simulations are presented to study the performance of the Bayesian solutions. The maximum likelihood method is also revisited. Finally, a case study is considered, the Bayesian methodology is applied to
estimate the limiting availability of a palletizer, which is used in the packaging of glass bottles. Extensions to a coherent system are also discussed.
Description
Keywords
Coherent system, Conjugate analysis, Exponential and Gamma distributions, Generalized Beta distribution
Citation
Revista Colombiana de Estadística, 2019, January 2019, 42 (1), pp. 123 - 142