Title :
Comparison of bayesian priors for highly reliable limit models
Author :
Creasey, Roy R., Jr. ; White, K. Preston, Jr. ; Wright, Linda B. ; Davis, Cheryl F.
Author_Institution :
Coll. of Bus. & Econ., Longwood Univ., Farmville, VA, USA
Abstract :
Limit standards are probability interval requirements for proportions. Simulation literature has focused on finding the confidence interval of the population proportion, which is inappropriate for limit standards. Further, some frequentist approaches cannot be utilized for highly reliable models, or models which produce no or few non-conforming trials. Bayesian methods provide approaches that can be utilized for all limit standard models. We consider a methodology developed for Bayesian reliability analysis, where historical data is used to define the a priori distribution of proportions p, and the customer desired a posteriori maximum probability is utilized to determine sample size for a replication.
Keywords :
Bayes methods; maximum likelihood estimation; reliability; Bayesian methods; Bayesian reliability analysis; a priori proportion distribution; customer desired a posteriori maximum probability; historical data; limit standard models; Bayesian methods; Data analysis; Discrete event simulation; Educational institutions; Performance analysis; Probability density function; Reliability engineering; Reliability theory; Sampling methods; Systems engineering and theory;
Conference_Titel :
Simulation Conference, 2008. WSC 2008. Winter
Conference_Location :
Austin, TX
Print_ISBN :
978-1-4244-2707-9
Electronic_ISBN :
978-1-4244-2708-6
DOI :
10.1109/WSC.2008.4736076