ASQ Reliability Division Webinar Series – English Cost-Optimized Reliability Test Planning and Decision-Making Through Bayesian Methods and Leveraging Prior Knowledge | ||
Presenter: Charles H. Recchia
Date: June 6, 2013 0900 US Pacific Coast Time
Description: When planning for and interpreting reliability datasets proper application of Bayesian statistics leads to improved decision-making, resource utilization and allows for rigorous treatment of prior knowledge to optimize overall reliability program costs and increase return on investment. In this webinar, we build upon the foundation established in our previous intro-level presentation and provide specific examples of reduced sample sizes enabled by Bayesian methods. We also describe real-world scenarios of improved decision-making during comparative reliability analyses using proper statistical perspectives on relative failure rates between systems.
Register now: https://www1.gotomeeting.com/register/424833584
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