2022
DOI: 10.13189/ms.2022.100616
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Maximum Likelihood Estimation in the Inverse Weibull Distribution with Type II Censored Data

Abstract: We consider maximum likelihood estimation for the parameters and certain functions of the parameters in the Inverse Weibull (IW) distribution based on type II censored data. The functions under consideration are the Mean Residual Life (MRL), which is very important in reliability studies, and Tail Value at Risk (TVaR), which is an important measure of risk in actuarial studies. We investigated the performance of the MLE of the parameters and derived functions under various experimental conditions using simulat… Show more

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Cited by 3 publications
(2 citation statements)
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“…Definition 4 (see Shafiq and Viertl (2014)): A subset x of the set of real numbers (denoted by R) is named fuzzy number and is characterized by the so-called membership function µ x(. ).…”
Section: Preliminary Concepts Of Fuzzy Sets Theorymentioning
confidence: 99%
“…Definition 4 (see Shafiq and Viertl (2014)): A subset x of the set of real numbers (denoted by R) is named fuzzy number and is characterized by the so-called membership function µ x(. ).…”
Section: Preliminary Concepts Of Fuzzy Sets Theorymentioning
confidence: 99%
“…Alshaikh and Baklizi [8] investigated maximum likelihood estimation in the context of the inverse Weibull distribution with type II censored data. Jana and Bera [31] explored the estimation of parameters in the IWD and its application to a multi-component stress-strength model.…”
Section: Review Of Related Literaturementioning
confidence: 99%