A GENERAL COMPUTATIONAL ALGORITHM FOR BAYESIAN CONFIDENCE BOUNDS, WITH APPLICATION TO THE WEIBULL, LOGNORMAL, AND GAMMA DENSITIES.
WATERVLIET ARSENAL N Y BENET R AND E LABS
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The general Bayesian concept of random variables is introduced. Application of this concept to confidencing the reliability or safe life of a component is discussed. A computational algorithm which simplifies the calculations and which is applicable to almost any parameter space is presented. The necessary formulas are derived for application to the Weibull, lognormal, and gamma distributional forms. Author
- Manufacturing and Industrial Engineering and Control of Production Systems