Bayesian parameter and reliability estimation for a bivariate exponential distribution. Parallel sampling (Q1057611)

Bayes estimators are derived for the Marshall-Olkin bivariate exponential (BVE) distribution as a lifetime model for a two-component parallel system. Joint posterior distributions of the distribution parameters and marginal posterior densities for the individual parameters are obtained for informative (gamma) priors. The Bayes estimators of the BVE parameters and the reliability are derived in a closed form, and a gamma approximation to the marginal posterior densities is used to develop Bayesian credibility intervals for the parameters.