In this paper, we studied the estimation of a stress-strength reliability model ( $R=P(X>Y)$) based on inverted exponentiated Rayleigh distribution under the unified progressive hybrid censoring scheme (unified PHCS). The maximum likelihood estimates of the unknown parameters were obtained using the stochastic expectation-maximization algorithm (stochastic EMA). The asymptotic confidence intervals were also created. Under squared error and Linex and generalized entropy loss functions, the Gibbs sampler together with Metropolis-Hastings algorithm was provided to compute the Bayes estimates and the credible intervals. Extensive simulations were performed to see the effectiveness of the proposed estimation methods. Also, parallel to the development of reliability studies, it is necessary to study its application in different sciences such as engineering. Therefore, droplet splashing data under two nozzle pressures were proposed to exemplify the theoretical outcomes.