Quantile-Based Reliability Analysis |
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| Authors: | N Unnikrishnan Nair |
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| Institution: | Department of Statistics , Cochin University of Science and Technology , Cochin, India |
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| Abstract: | Quantile functions are equivalent alternatives to distribution functions in modeling and analysis of statistical data. The present article discusses the role of quantile functions in reliability studies. We present the hazard, mean residual, variance residual, and percentile residual quantile functions, their mutual relationships and expressions for the quantile functions in terms of these functions. Further, some theoretical results relating to the Hankin and Lee (2006
Hankin , R. K. S. ,
Lee , A. ( 2006 ). A new family of non-negative distributions . Austral. N.Z. J. Statist. 48 : 67 – 78 .Crossref], Web of Science ®] , Google Scholar]) lambda distribution are discussed. |
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| Keywords: | Lambda distributions Quantile-based reliability concepts Quantile functions |
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