Abstract:

Recently, several attempts have been made to define new models that extend well-known distributions and at the same time provide great flexibility in modelling real data. We propose a new four-parameter model named the Weibull-power function (WPF) distribution which exhibits bathtub-shaped hazard rate. Some of its statistical properties are obtained including ordinary and incomplete moments, quantile and generating functions, Rényi and Shannon entropies, reliability and order statistics. The model parameters are estimated by the method of maximum likelihood. A bivariate extension is also proposed. The new distribution can be implemented easily using statistical software packages. We investigate the potential usefulness of the proposed model by means of two real data sets. In fact, the new model provides a better fit to these data than the additive Weibull, modified Weibull, Sarahan-Zaindin modified Weibull and beta-modified Weibull distributions, suggesting that it is a reasonable candidate for modeling survival data. 

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