CLASSICAL STATIC SYSTEM RELIABILITY AND ADJUSTED STATIC SYSTEM RELIABILITY WITH PRIOR & POSTERIOR VARIATIONS
Keywords:
Robustness, adjustment factor, updated and predictive basic distributionsAbstract
This paper considers an important concept which suggested to take stock of the over estimation in reliability characteristics or under estimation of hazard rate. Using this concept, the study considers the analysis of the reliability characteristics of an exponential lifetime model when prior variations in its parameters are suspected
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