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A New Process Performance Index for the Weibull Distribution with a Type-I Hybrid Censoring Scheme

Author

Listed:
  • Tzong-Ru Tsai

    (Department of Statistics, Tamkang University, Tamsui District, New Taipei City 251301, Taiwan)

  • Yuhlong Lio

    (Department of Mathematical Sciences, University of South Dakota, Vermillion, SD 57069, USA)

  • Jyun-You Chiang

    (School of Statistics, Southwestern University of Finance and Economics, Chengdu 611130, China)

  • Yi-Jia Huang

    (Department of Statistics, Tamkang University, Tamsui District, New Taipei City 251301, Taiwan)

Abstract

A new life performance index is proposed for evaluating the quality of lifetime products. The maximum likelihood estimation method and the Bayesian approaches using informative and non-informative prior distributions are utilized to infer the parameters of the Weibull distribution and the proposed new life performance index under a Type-I hybrid censoring scheme. Monte Carlo simulation results show that two Bayesian approaches outperform the maximum likelihood estimation method in terms of the measures of relative bias, relative mean square error, and coverage probability for the point and confidence interval estimators, respectively. The Bayesian approach using a non-informative prior distribution is recommended if the knowledge of setting up the hyper-parameters in the informative prior distribution is not available. Two real data sets are provided for illustration.

Suggested Citation

  • Tzong-Ru Tsai & Yuhlong Lio & Jyun-You Chiang & Yi-Jia Huang, 2022. "A New Process Performance Index for the Weibull Distribution with a Type-I Hybrid Censoring Scheme," Mathematics, MDPI, vol. 10(21), pages 1-17, November.
    • Handle: RePEc:gam:jmathe:v:10:y:2022:i:21:p:4090-:d:961484
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    References listed on IDEAS

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