A New Light-tailed Weighted Model for Reliability Risk Analysis: Theory, Properties and Case Study
This paper introduces the new weighted distribution, an exponential‑type, flexible, right‑skewed, and provably light‑tailed probability model for reliability risk analysis. It is motivated by the fact that failure‑time data are strongly right‑skewed in the body yet exhibit exponential‑type upper tails, so heavy‑tailed...