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An Approximation of the Interval Availability Distribution

Published online by Cambridge University Press:  27 July 2009

Marcel A. J. Smith
Affiliation:
Erasmus University Rotterdam, Econometrics and Operations Research, P.O. Box 1738, 3000 DR Rotterdam, The Netherlands

Abstract

In this paper, we consider the interval availability distribution of a two-state single unit. We fit the interval availability distribution directly to a beta distribution, such that the probability of nil and a 100% availability is correct as well as the expectation and the variance. The method is fast and easy to implement and gives good results.

Information

Type
Research Article
Copyright
Copyright © Cambridge University Press 1997

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