Bayesian Reliability Analysis (Wiley Series in Probability and Statistics - Applied Probability and Statistics Section)

Hardcover and dust jacket. Good binding and cover. Shelf wear. Corners bumped. Some foxing to jacket. Owner's name stamped on edges and end pages. xix, 745 pages : illustrations ; 24 cm. Bayesian reliability analysis is a statistical approach to assessing the probability of a system or component's survival over time, using Bayes's rule to combine prior knowledge with observed data to create an updated (posterior) probability distribution of its reliability. It is particularly useful when testing resources are limited, as it allows for the incorporation of subjective expertise, prior information, or data from other sources to improve reliability predictions.