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Classical static system reliability and adjusted static system reliability with prior & posterior variations. (English) Zbl 1247.90133

Summary: We consider an important concept which suggested to take stock of the overv estimation in reliability characteristics or under estimation of hazard rate. Using this concept, the study considers the analysis of the reliability characteristics of an exponential lifetime mode when prior variations in its parameters are suspected.

MSC:

90B25 Reliability, availability, maintenance, inspection in operations research
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