A new exponential-type distribution with constant, decreasing, increasing, upside-down bathtub and bathtub-shaped failure rate function

Artur J. Lemonte

Computational Statistics & Data Analysis, 2013, vol. 62, issue C, 149-170

Abstract: A new three-parameter exponential-type family of distributions which can be used in modeling survival data, reliability problems and fatigue life studies is introduced. Its failure rate function can be constant, decreasing, increasing, upside-down bathtub or bathtub-shaped depending on its parameters. It includes as special sub-models the exponential distribution, the generalized exponential distribution [Gupta, R.D., Kundu, D., 1999. Generalized exponential distributions. Australian and New Zealand Journal of Statistics 41, 173–188] and the extended exponential distribution [Nadarajah, S., Haghighi, F., 2011. An extension of the exponential distribution. Statistics 45, 543–558]. A comprehensive account of the mathematical properties of the new family of distributions is provided. Maximum likelihood estimation of the unknown parameters of the new model for complete sample as well as for censored sample is discussed. Estimation of the stress–strength parameter is also considered. Two empirical applications of the new model to real data are presented for illustrative purposes.

Keywords: Exponential distribution; Failure rate function; Generalized exponential distribution; Lifetime data (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (20)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:csdana:v:62:y:2013:i:c:p:149-170

DOI: 10.1016/j.csda.2013.01.011

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