Bayesian estimation of the Pareto model based on type-II censoring data by employing non-linear programming

Autor: Laila A. AL-Essa, Fuad S. Al-Duais, Walid Aydi, Afrah Y. AL-Rezami
Jazyk: angličtina
Rok vydání: 2024
Předmět:
Zdroj: Alexandria Engineering Journal, Vol 87, Iss , Pp 398-403 (2024)
Druh dokumentu: article
ISSN: 1110-0168
DOI: 10.1016/j.aej.2023.12.051
Popis: The main goal of this article is to determine the optimally weighted coefficients (Ω1and Ω2) of the balanced loss function of the form. LΚ,Ω,ξoΨ(σ),ξ=Ω1γσΚξo,ξ+Ω2γσΚΨ(σ),ξ;Ω1+Ω2=1. Based on Type II Censored Data, by applying non-linear programming to estimate the shape parameter and some survival time characteristics, such as reliability and hazard functions of the Pareto distribution. Considering two balanced loss functions (BLF), including balanced square error loss function (BSELF) and balanced linear exponential loss function (BLLF), the calculation is based on the balanced loss function, including symmetric and asymmetric loss functions, as a special case. Use Monte Carlo simulation to pass Bayesian and maximum likelihood estimators through. The results of the simulation showed that the proposed model BLLF has the best performance. Moreover, the simulation verified that the balanced loss functions are always better than the corresponding loss function.
Databáze: Directory of Open Access Journals