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Operations Research, Systems Engineering and Industrial Engineering Commons™
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Full-Text Articles in Operations Research, Systems Engineering and Industrial Engineering
Using Simulation To Derive Activity-Based Costing Estimates, Paul Savory, Robert Williams
Using Simulation To Derive Activity-Based Costing Estimates, Paul Savory, Robert Williams
Department of Industrial and Management Systems Engineering: Faculty Publications
This presentation showcases integrating activity based costing into the development of a SIMAN simulation of a manufacturing system.
Using Bayesian Statistics In Operational Testing, Thuan H. Tran
Using Bayesian Statistics In Operational Testing, Thuan H. Tran
Theses and Dissertations
This research explored the applicability of Bayesian methods to the problem of determining the reliability of a series system, a parallel system, and a bridge system. The time to failure of each component in each system is assumed to be exponentially distributed. A basic exponential case and a basic binomial case are also evaluated. In general, using simulated data and real data when possible, the Bayesian methods produced confidence intervals that were much tighter than the classical inference methods, thus allowing a decision maker to have higher confidence in making a decision. System level data and aggregated component level data …