Journal of the Korean Data and Information Science Society
- Volume 16 Issue 2
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- Pages.401-410
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- 2005
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- 1598-9402(pISSN)
Process Evaluation for Reliability Insurance: An Industrial Case Study
Abstract
In this paper, we calculate the premium rate of reliability insurance policy for brake pads for automobiles using real failure data obtained from use-condition. We try process capability analysis for the manufacturing process of brake-system. We describe the performance factors which have an effect on failure characteristics of brake pads. We also obtain the maximum likelihood estimates of shape and scale parameters of the fitted Weibull distribution for brake pads.
Keywords
- reliability insurance;
- rate-making;
- brake pads;
- Weibull distribution;
- process capability analysis;
- maximum likelihood estimator;
- field data