We propose the use of maximum-entropy techniques to nest and test the functional form of commonly used yield densities. We demonstrate how common parametric yield models can be nested within a maximum-entropy framework and subsequently tested for using standard hypothesis tests. We include an empirical application that tests the beta distribution against a more general maximum-entropy alternati...

In the present communication, we have obtained the optimum probability distribution with which the messages should be delivered so that the average redundancy of the source is minimized. Here, we have taken the case of various generalized mean codeword lengths. Moreover, the upper bound to these codeword lengths has been found for the case of Huffman encoding.

The paper deals with the lead-time demand forecasting for inventory management of multiple slow-moving items in the case when the available demand history is very short. Two stochastic models of demand are compared: (i) the first based on the “population-averaged” binomial distribution of requests (the traditional approach); and (ii) the second based on the beta-binomial probability distributio...

A statistical modeling framework is described for estimating the abundances of spatially distinct subpopulations of animals surveyed using removal sampling. To illustrate this framework, hierarchical models are developed using the Poisson and negative-binomial distributions to model variation in abundance among subpopulations and using the beta distribution to model variation in capture probabi...

Tthe Zografos–Balakrishnan-log-logistic (ZBLL) distribution is a new distribution of three parameters that has been introduced by Ramos et el. [1], and They presented some properties of the new distribution such as its probability density function, The cumulative distribution function, The  moment generating function, its hazard (failure) rate function, quantiles and moments, Rényi and Shannon ...

Electricity is one of the essential sources for daily basis activities. The continuous electricity supplied to customers main goals provider. Reliability aspects that focused more on planning power system especially in distribution network. performance reliability evaluated with three indices: average interruption frequency index, duration and customer index. These indices will only give inform...

We assume that product i has a constant hazard of adjusting, fi, in each month, where fi ∼ Beta(a, b). Let us denote the product’s lifetime by ni. These assumptions imply that the total number of price changes in a product’s lifetime is distributed according to the binomial distribution, xi ∼ Bin(ni, fi). We assume, furthermore, that fi is distributed according to the beta distribution, fi ∼ Be...

Consider k success counts from a binomial distribution with unknown N and success probability p. We consider the problem of estimating N. By integrating the likelihood for Nand p over a beta density for p, we obtain the beta-binomial distribution which results in stable and reasonably efficient estimators of N, which compare favorably with and are often better than the estimates introduced by O...