Comparison of Bayes’ Estimators Under Different Loss Functions of a 1-out-of-2:G Repairable System
by Sanku Dey, M. K. Das
this paper we derive Bayes estimators of the mean life time and the Quasi Bayes’ reliability function of a 1-out-of-2:G repairable system. Three loss functions and two prior distributions have been considered. The statistical performances of the Bayes estimates relative to Quadratic loss function, Linex loss function and El-Sayyad loss function are compared through root mean squared error (RMSE) based on simulation study.
Prior and posterior distribution, quasi density, loss functions, root mean square error
Sanku Dey, email@example.com
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