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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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Citations: View citations in EconPapers (4)

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