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Archimedean Copulas-Based Estimation under One-Parameter Distributions in Coherent Systems

Author

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  • Ioannis S. Triantafyllou

    (Department of Statistics and Insurance Science, University of Piraeus, 18534 Piraeus, Greece)

Abstract

In the present work we provide a signature-based framework for delivering the estimated mean lifetime along with the variance of the continuous distribution of a coherent system consisting of exchangeable components. The dependency of the components is modelled by the aid of well-known Archimedean multivariate copulas. The estimated results are calculated under two different copulas, namely the so-called Frank copula and the Joe copula. A numerical experimentation is carried out for illustrating the proposed procedure under all possible coherent systems with three components.

Suggested Citation

  • Ioannis S. Triantafyllou, 2024. "Archimedean Copulas-Based Estimation under One-Parameter Distributions in Coherent Systems," Mathematics, MDPI, vol. 12(2), pages 1-14, January.
    • Handle: RePEc:gam:jmathe:v:12:y:2024:i:2:p:334-:d:1322639
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    References listed on IDEAS

    as
    1. Serkan Eryilmaz & Markos V. Koutras & Ioannis S. Triantafyllou, 2011. "Signature based analysis of m‐Consecutive‐k‐out‐of‐n: F systems with exchangeable components," Naval Research Logistics (NRL), John Wiley & Sons, vol. 58(4), pages 344-354, June.
    2. Eryilmaz, Serkan, 2011. "Estimation in coherent reliability systems through copulas," Reliability Engineering and System Safety, Elsevier, vol. 96(5), pages 564-568.
    3. Hofert, Marius, 2008. "Sampling Archimedean copulas," Computational Statistics & Data Analysis, Elsevier, vol. 52(12), pages 5163-5174, August.
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