Abstract
In this paper the problem of Bayes estimation of the reliability and the shape parameter p of a finite range failure time model is considered (assuming scale parameter θ is known). Following Zellner [A. Zellner, J. Am. Statist. Assoc. 81, 446–451 (1986)] the asymmetric loss function is used to obtain the Bayes estimators. Efficiencies of the proposed Bayes estimators are obtained with respect to the ordinary Bayes estimators and it was found that the proposed Bayes estimators are better than the ordinary Bayes estimators for quite a wide range of parameters.
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