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The estimators of reliability and parameters of certain lifetime distributions which are widely used in reliability, repairability, and maintainability are obtained by using a different form of loss function and minimizing the s-expected loss with respect to the posterior distribution. These estimators are called MELO estimators. The applications, and the comparison between MELO, Bayes, and Maximum likelihood estimators are discussed.
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Tummala et al. (1978) studied this question.
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