Sequential estimation of the guarantee times for systems of several exponential components

Sequential estimation of the guarantee times for systems of several exponential components

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Article ID: iaor20001994
Country: United States
Volume: 18
Issue: 3/4
Start Page Number: 327
End Page Number: 342
Publication Date: Jan 1998
Journal: American Journal of Mathematical and Management Sciences
Authors: ,
Keywords: statistics: empirical, risk
Abstract:

The minimum guaranteed lifetimes of series and parallel systems of components are the minimum and maximum of the individual guaranteed lifetimes, respectively. If the individual lifetimes independently follow two-parameter exponential distributions with a common scale parameter but possibly differing location parameters, then the minimum guaranteed lifetime of a series and parallel system of such components are the minimum and maximum of the location parameters, respectively. In this paper, we discuss sequential estimation of the minimum and maximum of several two-parameter exponential location parameters. Sequential stopping rules are developed under both the minimax risk and bounded maximum risk criteria. Asymptotic properties are provided for each stopping rule.

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