An approach to modeling imperfect repairs under warranty settings is presented in Chukova, Arnold and Wang12. They model the imperfect repairs using the concepts of delayed and accelerated distribution functions. As an extension of their approach, we design a procedure for estimating the degree of repair as well as other modeling parameters by Markov chain Monte Carlo (McMC) methods.
ASJC Scopus subject areas
- Business, Management and Accounting(all)
- Economics, Econometrics and Finance(all)