Revstat Statistical Journal (Sep 2024)
Bayesian Sampling Plan for Weibull Distribution with Type II Hybrid Censoring under Random Decision Function
Abstract
This article studies the problem of conception of a Bayesian single variable sampling plan for Weibull distribution under type II hybrid censoring based on two-sided decision function with a linear random doubt zone. Based on an appropriate loss function, an explicit expression for the Bayes risk is determined. To find the optimal sampling plans, a simple algorithm based on the grid search method is described. Finally, simulation study is given to illustrate the proposed model.
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