The Bayes linear approach to inference and decision-making for a reliability programme
Michael Goldstein and
Tim Bedford
Reliability Engineering and System Safety, 2007, vol. 92, issue 10, 1344-1352
Abstract:
In reliability modelling it is conventional to build sophisticated models of the probabilistic behaviour of the component lifetimes in a system in order to deduce information about the probabilistic behaviour of the system lifetime. Decision modelling of the reliability programme requires a priori, therefore, an even more sophisticated set of models in order to capture the evidence the decision maker believes may be obtained from different types of data acquisition.
Keywords: Bayes; Bayes linear analysis; Reliability (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reensy:v:92:y:2007:i:10:p:1344-1352
DOI: 10.1016/j.ress.2006.09.010
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