This article deals with the problem of Bayes and Maximum Likelihood Estimation (MLE) of generalized augmented strength reliability of the equipment under Augmentation Strategy Plan (ASP), where ASP is suggested for enhancing the strength of weaker / early failed equipment under three possible cases. It is assumed that the Inverse Gaussian stress (Y) is subjected to equipment having Inverse Gaus...

In this work, both the cumulative sum (CUSUM) and exponentially weighted moving average (EWMA) control charts have been reconfigured to monitor processes using a Bayesian approach. Our construction of these are informed by posterior predictive distributions found three loss functions: squared error, precautionary, linex. We use on count data, performing simulation study assess chart performance...

Cointegration analysis is applied to the linear combinations of the time series of (the logarithms of) output, capital, labor, and energy for Germany, Japan, and the USA since 1960. The computed cointegration vectors represent the output elasticities of the aggregate energy-dependent Cobb-Douglas function. The output elasticities give the economic weights of the production factors capital, labo...

Recently, progressive hybrid censoring schemes have become quite popular in a life-testing problem and reliability analysis. However, the limitation of the progressive hybrid censoring scheme is that it cannot be applied when few failures occur before time T . Therefore, a generalized progressive hybrid censoring scheme was introduced. In this paper, the estimation of the entropy of a two-param...