Abstract
The recent proliferation of Markov Chain Monte Carlo (MCMC) approaches has led to the use of the Bayesian inference in a wide variety of fields, including reliability engineering. With the current (and future) proliferation of new products, old problems continue to hamper us, while new challenges keep appearing. In Bayesian reliability, these include but are not limited to: (1) achieving and making use of prior information; (2) applying small data sets or system operating/environmental (SOE) data with big and complex data; and (3) making posterior inferences from high-dimensional numerical integration. To deal with old problems while meeting new challenges, this paper proposes an improved procedure for Bayesian reliability inference with MCMC, discussing modern reliability data and noting some applications where the Bayesian reliability approach with MCMC can be used. It also explores opportunities to use Bayesian reliability models to create stronger statistical methods from prior to posterior. Finally, it outlines some practical concerns and remaining challenges for future research.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
