In this paper, the authors introduce a new three-parameter lifetime probability distribution
known as the Marshall-Olkin-generated log-logistic (LL) distribution. They thoroughly …

The paper introduces a new reliability Burr Pareto type-II model, showcasing its versatility
and effectiveness in engineering applications, particularly in analyzing the failure and …

This paper introduces a novel approach to life-testing using Extended Dagum (EXD)
percentiles within the framework of group inspection plans. The methodology focuses on …

In this research endeavor, the authors introduce a novel lifetime probability model. This
distribution is meticulously examined and characterized, offering insights into its behavior …

Selecting appropriate thresholds for modeling extreme financial values is vital in financial
institutions. An effective threshold of the financial claims ensures that the model captures …

In this article, a new extension of the standard Laplace distribution is introduced for house
price modeling. Certain important properties of the new distribution are deducted throughout …

In this work, a new heavy‐tailed Lomax model is proposed for the reliability and actuarial
risk analysis. Simulations are conducted to investigate how the estimators behave …

Classical survival models assume homogeneity among the population of individuals who
are susceptible to the event of interest. However, in many practical circumstances, there is a …

Peaks over a random threshold value-at-risk (PORT-VaR) analysis is a powerful tool for
evaluating extreme value reliability data, particularly for materials like carbon and glass …

The weighted xgamma distribution, a new weighted two-parameter lifespan distribution, is
introduced in this study. Theoretical characteristics of this model are deduced and …