ABSTRACT
Considering general Beta distribution in (Rk−1, 1), when R1, R2, . . . , Rk−1 is known, we can solve the condition mean and condition variance of Rk by equation (8) as following,
Based on above analysis of characteristic, it stands to reason that the physical meaning of parameters of a new prior distribution family is not clear. Therefore, it is the first step that how to determine parameters of prior based on prior information, if we wish to use the new prior distribution for reliability assessment of product.
