Statistical inference of the lifetime performance index with the log-logistic distribution based on progressive first-failure-censored data

Abstract

Estimating the accurate evaluation of product lifetime performance has always been a hot topic in manufacturing industry. This paper, based on the lifetime performance index, focuses on its evaluation when a lower specification limit is given. The progressive first-failure-censored data we discuss have a common log-logistic distribution. Both Bayesian and non-Bayesian method are studied. Bayes estimator of the parameters of the log-logistic distribution and the lifetime performance index are obtained using both the Lindley approximation and Monte Carlo Markov Chain methods under symmetric and asymmetric loss functions. As for interval estimation, we apply the maximum likelihood estimator to construct the asymptotic confidence intervals and the Metropolis-Hastings algorithm to establish the highest posterior density credible intervals. Moreover, we analyze a real data set for demonstrative purposes. In addition, different criteria for deciding the optimal censoring scheme have been studied.