... prior distributions. In consequence credible intervals are constructed. For the known common scale, unbiased estimator is obtained and is compared with the corresponding exact Bayes estimate. Findings Different point and interval estimators of the reliability are examined using Monte Carlo...

.../approach The reliability of a multicomponent stress–strength system is obtained by the maximum likelihood (MLE) and Bayesian method of estimation. Bayes estimates of system reliability are obtained by using Lindley’s approximation and Metropolis–Hastings (M–H) algorithm methods when all the parameters...