Analysis of Two Economic Testing Policies in Discrete Time
نویسندگان
چکیده
Abstract: Two economic testing policies for industrial products are considered in discrete time. Based on the usual total time on test (TTT) method, we develop non-parametric statistical estimation algorithms to determine the optimal testing times, minimizing the expected cost function per unit time and maximizing the expected profit function per unit time, given that the complete sample data of lifetime are available. It is shown numerically in simulation experiments that the resulting estimators in discrete models possess statistical consistency even if the parametric form of lifetime distribution is unknown.
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