Bayesian Methods in Reliability Engineering

Abstract: With product reliability demonstration test planning and execution weighing heavily on cost, availability and schedule factors, Bayesian methods offer an intelligent way of incorporating engineering knowledge based on historical information into data analysis and interpretation, resulting in an overall more precise and less resource intensive failure rate estimation. This talk consists of three parts 1. Introduction to Bayesian vs Frequentist statistical approaches 2. Bayesian formalism for reliability estimation 3. Product/component case studies and examples

Keywords: Webinar in English - Bayesian Reliability