Bayesian Estimation of the Limiting Availability in a Repairable One-Unit System

Vásquez, C., Salinas-Torres, V., Romeo, J.

2019 | Vásquez, C, Salinas-Torres, V., Romeo, J.

Revista Colombiana de Estadística

Bayesian Estimation of the Limiting Availability in a Repairable One-Unit System

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.

Publicado en: Revista Colombiana de Estadística

Artículo: No ISI , Estadísticas / Gestión Operacional