Bayesian Variable Sampling Plans for the Exponential Distribution with Type I Censoring

In this article, a model of single variable sampling plan with type I censoring is studied. Under the assumption that the variable is exponentially distributed and the loss function is a polynomial, an explicit expression of the Bayes risk is derived. Then, a simple and finite algorithm to determine an optimal sampling plan for minimizing the Bayes risk is suggested. Furthermore, a discretization method is proposed so that one can easily obtain an approximately optimal sampling plan.

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