Quantile-Based Reliability Analysis [Paperback]

This book provides a fresh approach to reliability theory, an area that has gained increasing relevance in fields from statistics and engineering to demography and insurance. Its innovative use of quantile functions gives an analysis of lifetime data that is generally simpler, more robust, and more accurate than the traditional methods, and opens the door for further research in a wide variety of fields involving statistical analysis. In addition, the book can be used to good effect in the classroom as a text for advanced undergraduate and graduate courses in Reliability and Statistics.This book provides a fresh approach to reliability theory, an area that has gained increasing relevance in fields from statistics and engineering to demography and insurance. Its innovative use of quantile functions gives an analysis of lifetime data that is generally simpler, more robust, and more accurate than the traditional methods, and opens the door for further research in a wide variety of fields involving statistical analysis. In addition, the book can be used to good effect in the classroom as a text for advanced undergraduate and graduate courses in Reliability and Statistics.Preface.- Chapter I Quantile Functions.- Chapter II Quantile-Based Reliability Concepts.- Chapter III Quantile Function Models.- Chapter IV Ageing Concepts.- Chapter V Total Time on Test Transforms (TTT).- Chapter VI L-Moments of Residual Life and Partial Moments.- Chapter VII Nonmonotone Hazard Quantile Functions.- Chapter VIII Stochastic Orders in Reliability.- IX?Estimation and Modeling.- References.- Index.

From the book reviews:

This book introduces quantile-based reliability analysis. It gives a novel approach to reliability theory using quantile functions in contrast to the traditional approach based on distribution functions. & This book has a broad applicability across fields such as statistics, survival analysis, economics, engineering, demography, insurance, and medl3‹