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arXiv · 1405.5841

Parameter Estimates of General Failure Rate Model: A Bayesian Approach

Asok K. Nanda·Sudhansu S. Maiti·Chanchal Kundu·Amarjit Kundu
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Abstract

The failure rate function plays an important role in studying the lifetime distributions in reliability theory and life testing models. A study of the general failure rate model $r(t)=a+bt^{\theta-1}$, under squared error loss function taking $a$ and $b$ independent exponential random variables has been analyzed in the literature. In this article, we consider $a$ and $b$ not necessarily independent. The estimates of the parameters $a$ and $b$ under squared error loss, linex loss and entropy loss functions are obtained here.

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Asok K. Nanda, Sudhansu S. Maiti, Chanchal Kundu, Amarjit Kundu. 2014-05-22. Parameter Estimates of General Failure Rate Model: A Bayesian Approach. https://arxiv.org/abs/1405.5841

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