Decision analysis perspectives on sequential testing

Expanding from proof-load testing, this paper utilizes a decision analysis framework to determine adequate bounds for how much one should be willing to pay to conduct testing when the load distribution of a device is uncertain. Optimal testing policy strategies are constructed and evaluated when sequentially testing a population of devices for given prior beliefs on the intrinsic toughness of the device. Heuristic extensions are analyzed to reduce computational time for practical use.Operations Research and Industrial Engineerin