Accelerated failure time frailty model for modeling multiple systems subject to minimal repair

Abstract

AbstractThis article presents accelerated failure time models with and without frailty for modeling multiple systems subject to minimal repair. The study considers the conventional accelerated failure time model, the accelerated failure time model with Gamma frailty, and proposes the accelerated failure time model with weighted Lindley frailty, which has attractive properties such as a closed‐form Laplace transform. The proposed model extends the accelerated failure time model with the intensity function of a power law process. It retains the direct physical interpretation of the original accelerated failure time model, in which the role of covariates is to accelerate or decelerate the time to each repair. This framework includes parametric approaches to model fitting, which we consider for estimating the vector of regression parameters under this model and the parameter in the baseline intensity functions. The methodology is illustrated with a simulation study and a toy example to demonstrate the applicability of these models in the industrial context.