The Weibull lifetime model with randomised
failure-free time
The Weibull lifetime model with randomised
failure-free time
Author(s): Piotr Sulewski, Magdalena SzymkowiakSubject(s): Economy, Financial Markets
Published by: Główny Urząd Statystyczny
Keywords: Weibull lifetime model; randomised failure-free time; compound Weibull distributions.
Summary/Abstract: The paper shows that treating failure-free time in the three-parameter Weibull distributionnot a constant, but as a random variable makes the resulting distribution much more flexibleat the expense of only one additional parameter.
Journal: Statistics in Transition. New Series
- Issue Year: 23/2022
- Issue No: 4
- Page Range: 59-76
- Page Count: 18
- Language: English
