Load-sharing system model and its application to the real data set
This study deals with the classical and Bayesian estimation of the parameters of a k-components load-sharing parallel system model in which each component's lifetime follows Lindley distribution. Initially, the failure rate of each of the k components in the system is h(t,theta(1)) until the first component failure. However, upon the first failure within the system, the failure rates of the remaining (k - 1) surviving components change to h(t,theta(2)) and remain the same until next failure. After second failure, the failure rates of (k - 2) surviving components change to h(t,theta(3)) and finally when the (k - 1)th component fails, the failure rate of the last surviving component becomes h(t,theta(k)). In classical set up, the maximum likelihood estimates of the load share parameters, system reliability and hazard rate functions along with their standard errors are computed. 100 x (1 - gamma)% confidence intervals and two bootstrap confidence intervals for the parameters have also been constructed. Further, by assuming Jeffrey's invariant and gamma priors of the unknown parameters. Hayes estimates along with their posterior standard errors and highest posterior density credible intervals of the parameters are obtained. Markov Chain Monte Carlo technique such as Metropolis-Hastings algorithm has been utilized to generate draws from the posterior densities of the parameters. (C) 2012 IMACS. Published by Elsevier B.V. All rights reserved.
load-sharing system model lindley distribution highest posterior density credible intervals metropolis-hastings algorithm bayes estimate bootstrap intervals