Abstract
Estimation of stress-strength reliability is considered based on frequentist and Bayesian methods of estimation when both stress and strength variables follow unit generalized exponential distributions. In frequentist method we consider maximum likelihood, least squares, weighted least squares and maximum product spacing methods to estimate system reliability when a common scale parameter is unknown. Further asymptotic and bootstrap intervals of system reliability are obtained. Next, we discuss Bayesian procedure under different loss functions using gamma and weighted Lindley priors for model parameters to estimate system reliability. Subsequently, highest posterior density credible intervals are also obtained. Besides, uniformly minimum variance unbiased estimator of system reliability is obtained when the common scale parameter is known. Extensive Monte-Carlo simulation studies are conducted to evaluate the performance of proposed estimates with respect to various criteria. Finally, to show the applicability of the proposed methodologies in a real-life scenario, an engineering data set is analyzed.
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