A flexible Weibull extension
Chin-Diew Lai and
RiÄ ardas Zitikis
Reliability Engineering and System Safety, 2007, vol. 92, issue 6, 719-726
We propose a new two-parameter ageing distribution which is a generalization of the Weibull and study its properties. It has a simple failure rate (hazard rate) function. With appropriate choice of parameter values, it is able to model various ageing classes of life distributions including IFR, IFRA and modified bathtub (MBT). The ranges of the two parameters are clearly demarcated to separate these classes. It thus provides an alternative to many existing life distributions. Details of parameter estimation are provided through a Weibull-type probability plot and maximum likelihood. We also derive explicit formulas for the turning points of the failure rate function in terms of its parameters. This, combined with the parameter estimation procedures, will allow empirical estimation of the turning points for real data sets, which provides useful information for reliability policies.
Keywords: Reliability; IFR; IFRA; Bathtub shape; Weibull-type probability plot; Maximum likelihood estimates (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reensy:v:92:y:2007:i:6:p:719-726
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