Title : 
Applying Bayes linear methods to support reliability procurement decisions
         
        
            Author : 
Bedford, Tim ; Denning, Richard ; Revie, Matthew ; Walls, Lesley
         
        
            Author_Institution : 
Dept. of Manage. Sci., Univ. of Strathclyde, Glasgow
         
        
        
        
        
        
            Abstract : 
With the support of the United Kingdom Ministry of Defence (MOD), the Bayes linear method has been used to support reliability decision making on two ´live´ projects. This paper focuses on one of these projects and shows how the Bayes linear methodology has been used to support decision making. The construction of a Bayes linear model comprises three parts. First, we need to structure the model. Second, we need to populate the model with our decision maker´s beliefs. Finally, we must analyze the model once observed data has become available. This paper will briefly discuss how this has been carried out.
         
        
            Keywords : 
Bayes methods; belief networks; decision making; procurement; risk management; Bayes linear methods; probabilistic Bayesian methods; reliability decision making; reliability procurement decisions; Bayesian methods; Decision making; Fitting; Probability distribution; Procurement; Risk management; Sensitivity analysis; Uncertainty; Vectors; Bayes Linear Methods; Reliability Procurement; Risk Assessment; Sensitivity Analysis;
         
        
        
        
            Conference_Titel : 
Reliability and Maintainability Symposium, 2008. RAMS 2008. Annual
         
        
            Conference_Location : 
Las Vegas, NV
         
        
        
            Print_ISBN : 
978-1-4244-1460-4
         
        
            Electronic_ISBN : 
0149-144X
         
        
        
            DOI : 
10.1109/RAMS.2008.4925819