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- W2080718640 abstract "In the statistical literature many methods have been presented to deal with censored observations, both within the Bayesian and non-Bayesian frameworks, and such methods have been successfully applied to, e.g., reliability problems. Also, in reliability theory it is often emphasized that, through shortage of statistical data and possibilities for experiments, one often needs to rely heavily on judgements of engineers, or other experts, for which means Bayesian methods are attractive. It is therefore important that such judgements can be elicited easily to provide informative prior distributions that reflect the knowledge of the engineers well. In this paper we focus on this aspect, especially on the situation that the judgements of the consulted engineers are based on experiences in environments where censoring has also been present previously. We suggest the use of the attractive interpretation of hyperparameters of conjugate prior distributions when these are available for assumed parametric models for lifetimes, and we show how one may go beyond the standard conjugate priors, using similar interpretations of hyper-parameters, to enable easier elicitation when censoring has been present in the past. This may even lead to more flexibility for modelling prior knowledge than when using standard conjugate priors, whereas the disadvantage of more complicated calculations that may be needed to determine posterior distributions play a minor role due to the advanced mathematical and statistical software that is widely available these days." @default.
- W2080718640 created "2016-06-24" @default.
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- W2080718640 date "1996-07-01" @default.
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- W2080718640 title "On Bayesian reliability analysis with informative priors and censoring" @default.
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- W2080718640 doi "https://doi.org/10.1016/0951-8320(96)00037-3" @default.
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