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Outputs (4)

Imprecise inference for warranty contract analysis (2015)
Journal Article
Utkin, L., Coolen, F., & Gurov, S. (2015). Imprecise inference for warranty contract analysis. Reliability Engineering & System Safety, 138, 31-39. https://doi.org/10.1016/j.ress.2015.01.011

This paper presents an investigation into generalised Bayesian analysis of warranty contracts, using sets of prior distributions within the theory of imprecise probability. Explicit expressions are derived for optimal lower and upper bounds for the e... Read More about Imprecise inference for warranty contract analysis.

A conjugate class of utility functions for sequential decision problems (2015)
Journal Article
Houlding, B., Coolen, F., & Bolger, D. (2015). A conjugate class of utility functions for sequential decision problems. Risk Analysis, 35(9), 1611-1622. https://doi.org/10.1111/risa.12359

The use of the conjugacy property for members of the exponential family of distributions is commonplace within Bayesian statistical analysis, allowing for tractable and simple solutions to problems of inference. However, despite a shared motivation,... Read More about A conjugate class of utility functions for sequential decision problems.

Interval estimation for proportional reversed hazard family based on lower record values (2015)
Journal Article
Wang, B., Yu, K., & Coolen, F. (2015). Interval estimation for proportional reversed hazard family based on lower record values. Statistics and Probability Letters, 98, 115-122. https://doi.org/10.1016/j.spl.2014.12.019

This paper explores confidence intervals for the family of proportional reversed hazard distributions based on lower record values. The confidence intervals are validated as long as the sample is of size n≥3. The proposed procedure can be extended to... Read More about Interval estimation for proportional reversed hazard family based on lower record values.