A Distribution for Instantaneous Failures

Ramos, P.L; Louzada F.

Abstract

A new one parameter distribution is proposed in this paper. The new distribution allows for the occurrence of instantaneous failures (inliers) that are natural in many areas. Closed-form expressions are obtained for the moments, mean, variance, a coefficient of variation, skewness, kurtosis and mean residual life. The relationship between the new distribution with the exponential and Lindley distributions is presented. The new distribution can be view as a combination of a reparametrized version of Zakerzadeh and Dolati (2009) distribution with a particular case of the gamma model and the occurrence of zero value. The parameter estimation is discussed under the method of moments and the maximum likelihood estimation. A simulation study is performed to verify the efficiency of both estimation methods by computing the bias, mean square errors and coverage probabilities. The superiority of the proposed distribution and some of its concurrent distributions are tested by analyzing four real lifetime datasets.

Más información

Título de la Revista: Stats
Volumen: 2
Fecha de publicación: 2019
Página de inicio: 247
Página final: 258
Idioma: English