Notice of Retraction: Bayesian estimation of products with wiener process degradation based on linex loss function

Bao Wei Song, Wei An Yan, Zhao Yong Mao, Gui Lin Duan

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

3 Scopus citations

Abstract

Bayesian estimation for parameters and the reliability of products for which the performance degradation process modeled by wiener process is obtained based on linex loss function. Using both non-informative and conjugate prior distribution, several Bayesian estimates under squared error and linex loss functions are computed. Finally, these Bayesian estimates are compared through the mean squared error (MSE) based on Monte Carlo simulation study. According to these comparisons, it is shown that Bayesian estimators with linex loss function are more flexible.

Original languageEnglish
Title of host publicationQR2MSE 2013 - Proceedings of 2013 International Conference on Quality, Reliability, Risk, Maintenance, and Safety Engineering
PublisherIEEE Computer Society
Pages138-144
Number of pages7
ISBN (Print)9781479910144
DOIs
StatePublished - 2013
Event2013 International Conference on Quality, Reliability, Risk, Maintenance, and Safety Engineering, QR2MSE 2013 - Sichuan, China
Duration: 15 Jul 201318 Jul 2013

Publication series

NameQR2MSE 2013 - Proceedings of 2013 International Conference on Quality, Reliability, Risk, Maintenance, and Safety Engineering

Conference

Conference2013 International Conference on Quality, Reliability, Risk, Maintenance, and Safety Engineering, QR2MSE 2013
Country/TerritoryChina
CitySichuan
Period15/07/1318/07/13

Keywords

  • Bayesian estimation
  • life data
  • linex loss function
  • performance degradation data
  • Wiener process

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