Bayesian Risk Analysis for Length Biased Log Logistic Distribution Under Different Loss

The aim of this paper is parametric and reliability estimation for the two parameter length biased log-logistic distribution under squared error, generalized exponential, linear exponential and precautionary loss functions. Bayes estimates obtained under non informative priors through Lindleys approximation and through Markov Chain Monte Carlo are then compared with the classical parametric estimates. Bayesian risk analysis based on a simulated and a real data set are used to demonstrate application of the theoretic results.