Muneeb Javed, S. M. Asim, A. Khalil, Said Farooq Shah, Z. Almaspoor
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New Rayleigh Flexible Weibull Extension (RFWE) Distribution with Applications to Real and Simulated Data
The Rayleigh flexible Weibull extension (RFWE) distribution, a new three-parameter model introduced in this paper, is a generalization of the flexible Weibull extension. This model produces best fit for failure time of electronic device obtained from power-linkage voltage spikes during electronic storms. We derive the statistical properties of the RFWE distribution. The parameters of this new distribution are estimated using the maximum likelihood method, which also yielded asymptotic confidence bounds. This model is examined using both real and simulated data. Under various priors, an additional Bayesian estimate is also carried out. The Bayes estimates and other posterior results are calculated using simulations.
期刊介绍:
Modelling and Simulation in Engineering aims at providing a forum for the discussion of formalisms, methodologies and simulation tools that are intended to support the new, broader interpretation of Engineering. Competitive pressures of Global Economy have had a profound effect on the manufacturing in Europe, Japan and the USA with much of the production being outsourced. In this context the traditional interpretation of engineering profession linked to the actual manufacturing needs to be broadened to include the integration of outsourced components and the consideration of logistic, economical and human factors in the design of engineering products and services.