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Virtual event hosted by DARE Sydney University
DARE Seminar Series! Reliability Inference with Extended Sequential Order Statistics by Tim Pesch Firstly, the derivation of Maximum Likelihood Estimates (MLE's) of the underpinning model parameters, and secondly, the introduction of a likelihood ratio test which can decide on whether components can be assumed identical. Both methods are powerful tools in reliability contexts. The former increases our understanding of component behaviour, especially upon failure of other components. This knowledge empowers system operators to make better decisions regarding maintenance schedules and failure time prediction. The latter supports operators in their quest of identifying component equivalence. |