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This paper develops a Bayesian method to estimate transition intensities of multi-state components whose degradation follows a Markov process. Due to lack of sufficient data and vague knowledge from experts' judgments, transition intensities between any pair of states cannot be precisely known or estimated. The proposed Bayesian method can merge the prior knowledge from experts' judgments with continuous...
Many mechanical components exhibit more than one failure mode; and not all components under study have been exposed to similar operating conditions. For example, components may have been used in different operating environments or there may be differences in design and/or material. In these cases, life time data of components would not fall on a straight line on a Weibull probability paper (WPP),...
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