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Five and four-parameter lifetime distributions for bathtub-shaped failure rate using Perks mortality equation
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文摘

Two new distributions are proposed to model bathtub shaped hazard rate.

Derive the close-form PDF, CDF and feature of scalability and truncatability.

Perks4 is verified to be good to model common bathtub shapes through comparison.

Perks5 has the potential to model the stabilization of hazard rate at later life.

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