Real-time Condition-monitoring : The Impact of Bayesian Update on Failure-time Distribution

@inproceedings{Ryan2015RealtimeC,
  title={Real-time Condition-monitoring : The Impact of Bayesian Update on Failure-time Distribution},
  author={Jennifer K. Ryan},
  year={2015}
}
Many classic age replacement policies rely on the assumption that the time-to-failure distribution has an increasing failure rate. In addition, many commonly used probability distributions possess the increasing failure rate property, including the Normal distribution and the Weibull distribution with shape parameter greater than one. However, significant… CONTINUE READING