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Some reliability aspects of record values using quantile functions

Author

Listed:
  • I. C. Aswin
  • P. G. Sankaran
  • S. M. Sunoj

Abstract

In some experiments such as stress testing and industrial quality control experiments, only values which are larger or smaller than all previous ones are observed. Study of such extremes are of great importance. An extensive research on record values using distribution function are available in literature; however, a quantile-based study on the same have not been considered so far. Motivated with these, in this article, we introduce a quantile function approach of record values, which is an equivalent and alternative to the traditional distribution function approach. We study various properties of quantile-based measures of record values. We also obtain some stochastic comparison and ageing properties of quantile-based record values. The L-moment estimation method of hazard quantile function of record values is explained using a real-data example.

Suggested Citation

  • I. C. Aswin & P. G. Sankaran & S. M. Sunoj, 2024. "Some reliability aspects of record values using quantile functions," Communications in Statistics - Theory and Methods, Taylor & Francis Journals, vol. 53(13), pages 4755-4775, July.
    • Handle: RePEc:taf:lstaxx:v:53:y:2024:i:13:p:4755-4775
    DOI: 10.1080/03610926.2023.2189499
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