Author(s)

Parameshwar V. Pandit, Shubhashree Joshi

Department of Statistics, Bangalore University, Bangalore, India.

In any parallel system, selecting a component with longer mean lifetime is of interest to the researchers. Hanagal (1997) [1] discussed selection procedures for a two-component system with bivariate exponential (BVE) models. In this paper, the problem of selecting a better component with reference to its mean life time under bivariate Pareto (BVP) models is considered. Three selection procedures based on sample proportions, sample means and maximum likelihood estimators (MLE) are proposed. The probability of correct selection for the proposed procedures is evaluated through Monte Carlo simulation using normal approximation. The asymptotic relative efficiency (ARE) of the proposed procedures is presented to facilitate the evaluation of the performance of procedures.

Asymptotic Relative Efficiency (ARE), Better Component, Bivariate Pareto, Probability of Correct Selection

Pandit, P. and Joshi, S. (2015) Selecting a Component with Longer Mean Life Time in Bivariate Pareto Models. Open Journal of Statistics, 5, 355-359. doi: 10.4236/ojs.2015.55037.