The Best Estimate of Reliability in the Exponential Case
Edward L. Pugh
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Edward L. Pugh: System Development Corporation, Santa Monica, California
Operations Research, 1963, vol. 11, issue 1, 57-61
Abstract:
The commonly used estimate of reliability in the exponential case, i.e., the maximum likelihood estimate, is shown to exert a strong negative effect on reliability calculations because of its bias. A minimum variance unbiased estimate is then derived using a theorem of Blackwell and Rao.
Date: 1963
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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:11:y:1963:i:1:p:57-61
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