Recently, there seems to be an increasing amount of interest in the use tail conditional expectation (TCE) as a useful measure risk associated with production process, for example, measurement stock returns corresponding manufacturing industry, such electric bulbs, investment housing development, and financial institutions offering loans small-scale industries. Companies typically face three ty...

Due to the advance computer technology, use of probability distributions has been raised up solve real life problems. These applications are found in reliability engineering, sciences, economics, psychology, survival analysis, and some others. This study offers a new model called Marshall–Olkin Extended Gumbel Type-II (MOEGT-II) which can various shapes failure rate function. The proposed distr...

This paper presents an important theorem, which shows that, heading from the moments of standard normal distribution, one can generate density functions originating a family models. Additionally, we discussed that different random variable domains are achieved with transformations. For instance, adopted moment order two, proposed and transformed it, enabled us to exemplify this class as unit di...

The beta and Kumaraswamy distributions are two of the most widely used for modeling bounded data. When histogram a certain dataset exhibits increasing or decreasing behavior, one-parameter such as power, Marshall–Olkin extended uniform skew-uniform become viable alternatives. In this article, we propose new distribution data, Lambert-uniform distribution. proposal can be considered natural alte...

1 University of Waterloo, Ontario, Canada N2L 3G1; {a22naray, ponnu}@uwaterloo.ca 6 2 University of Massachusetts Lowell, Massachusetts, USA 01854; [email protected] 7 * Correspondence: [email protected], Tel.: +1-519-888-4567 x31450 8 Abstract: Investments in wind and solar power are driven by the aim to maximize the utilization of 9 renewable energy (RE). This results in an increas...