Optimal Estimation of Reliability Parameters for Modified Frechet-Exponential Distribution Using Progressive Type-II Censored Samples with Mechanical and Medical Data

Abstract

The aim of this research is to estimate the parameters of the modified Frechet-exponential (MFE) distribution using different methods when applied to progressive type-II censored samples. These methods include using the maximum likelihood technique and the Bayesian approach, which were used to determine the values of parameters in addition to calculating the reliability and failure functions at time t. The approximate confidence intervals (ACIs) and credible intervals (CRIs) are derived for these parameters. Two bootstrap techniques of parametric type are provided to compute the bootstrap confidence intervals. Both symmetric loss functions such as the squared error loss (SEL) and asymmetric loss functions such as the linear-exponential (LINEX) loss are used in the Bayesian method to obtain the estimates. The Markov Chain Monte Carlo (MCMC) technique is utilized in the Metropolis–Hasting sampler approach to obtain the unknown parameters using the Bayes approach. Two actual datasets are utilized to examine the various progressive schemes and different estimation methods considered in this paper. Additionally, a simulation study is performed to compare the schemes and estimation techniques.