A NEW TWO-PARAMETER DISTRIBUTION WITH
DECREASING, INCREASING, BATHTUB HAZARD
RATE FUNCTIONS AND ITS APPLICATIONS

Abstract

In the literature, two-parameter distributions which exhibit all three types of decreasing, increasing and bathtub shape hazard rate functions are very few. In this paper, we propose a new two-parameter distribution, called Gompertz-weighted exponential distribution, having these three types of hazard rate functions. The proposed distribution is obtained by mixing the frailty parameter of the Gompertz distribution by weighted exponential distribution. The parameters are estimated by the maximum likelihood method and their performance is examined by extensive simulation studies. Three real data applications are provided to illustrate the superiority of the proposed distribution over many well known two-parameter distributions.

Citation details of the article



Journal: International Journal of Applied Mathematics
Journal ISSN (Print): ISSN 1311-1728
Journal ISSN (Electronic): ISSN 1314-8060
Volume: 33
Issue: 3
Year: 2020

DOI: 10.12732/ijam.v33i3.11

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