Bayesian estimation of the limiting availability in a repairable one-unit system
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Date
2019-01-01
Open Access Location
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Facultad de Ciencias. Departamento de Estadística, Universidad Nacional de Colombia (Sede Bogotá)
Rights
Copyright (c) 2019 Revista Colombiana de Estadística
This work is licensed under a Creative Commons Attribution 4.0 International License.
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