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Hazard rate function

X t) = item hazard rate (i.e., time-dependent failure rate) Substituting Equation (3.2) into Equation (3.5) yields [Pg.32]

Obtain an expression for the transportation system s hazard rate by using Equations (3.3) and (3.5) and comment on the end result. [Pg.32]

the transportation system s hazard rate is given by Equation (3.7), and the right-hand side of this equation is not a function of time f. Needless to say, is generally referred to as the constant failure rate of an item (in this case, of the transportation system) because it does not depend on time t. [Pg.32]


In order to be able to understand what a hazard ratio is, you first need to know what a hazard rate is. The hazard rate (function) is formally defined as the conditional death (or event) rate calculated through time. What we mean by this is as follows. Suppose in a group of 1000 patients in month 1, 7 die the hazard rate for month 1 is 7/1000. Now suppose that 12 die in month 2 the hazard rate for month 2 is 12/993. If now 15 die in month 3 then the hazard rate for month 3 is 15/981 and so on. So the hazard rate is the death (event) rate for that time period amongst those patients still alive at the start of the period. [Pg.200]

A hazard rate function may be determined from the term structure of credit. The hazard rate function has its foundation in statistics and may be linked to the instantaneous default probability. [Pg.674]

The hazard rate function (X s)) can then be used to derive a probability function for the survival function S t) ... [Pg.674]

The hazard rate function may be determined by using the prices of risky bonds. The lattice for the evolution of the hazard rate should be consistent with the hazard rate function implied from market data. An issue when performing this calibration is the volume of relevant data available for the credit. [Pg.674]

Failure data are generally obtained mainly from the failure times of various items in a population placed on a life test, or repair reports or from similar plant data. Since such data are sequential discrete data, whereas probability density functions considered as continuous, it is necessary to define piecewise-continuous failure density and hazard-rate functions in terms of the data. [Pg.962]

In statistical modeling, the hazard rate of an industrial product is an important parameter especially for companies which have high volume products in the field. Additionally, hazard rate functions can directly be used for warranty forecasting. In this study, we mainly construct our model on hazard rate functions. In the htera-ture it is well accepted to assume that the hazard... [Pg.1871]

Figure 1. A bathtub curve—hazard rate function over time. Figure 1. A bathtub curve—hazard rate function over time.
We develop our filtering systematic mainly on a Weibull parameter p that explains the hazard rate function s behavior. If p < 1, it indicates a decreasing hazard rate and is usually associated with the early failure region. If p l, it means a constant... [Pg.1872]

As we discussed in introduction, the field return data can not be used for analysis of the wear out region since electronic boards get into this region long after their warranties expire. Therefore, we only deal with early failure and useful time periods. We develop our hazard rate function with phases having Decreasing Failure/Hazard Rate (DFR) and Constant Failure Rate (CFR) like those proposed by Yuan et al. (2010) and Chen et al. (1999). Here, DFR and CFR correspond to early failure and useful hfe regions, respectively. The proposed overall hazard rate function h it) is presented in Equation 1 where h i) = hazard rate function in early failure period, h ii) = hazard rate function in useful-life period, t = time (TTF), and X = change point from DFR to CFR. [Pg.1873]

Using a piecewise hazard rate function for reliability modeling, as we suggest, is a well-studied subject in the reliability and statistics literature. This includes the determination of x often called as change point problem. In some sources x is even called as burn-in time. Studies on parametric change point analysis of nonmonotonic hazard rate functions consider the change point as a parameter and propose statistical estimation methods like MLE and least squares (Yuan Kuo, 2010 ... [Pg.1873]

After determination of the change point, two phase hazard rate function, consisting of Weibull and Exponential distributions, can be constructed directly. In this case, there is a discontinuity problem at the change point overall hazard rate function is not continuous. In order to solve this problem, we... [Pg.1874]

Figure 6. Hazard rate function h l (t) of forward analysis with Weibull distribution for Mf = 14 months. Beta 0,715 Eta (Day) 2.44E -t 6. Figure 6. Hazard rate function h l (t) of forward analysis with Weibull distribution for Mf = 14 months. Beta 0,715 Eta (Day) 2.44E -t 6.
Figure 7. Hazard rate function h 2 (t) of backward analysis with Exponential distribution for Mb = 14 months. Mean time (Day) 303179.252, Gamma (Day) 382.086. Figure 7. Hazard rate function h 2 (t) of backward analysis with Exponential distribution for Mb = 14 months. Mean time (Day) 303179.252, Gamma (Day) 382.086.
In Equation 2, x is the change point in a unit of day. In our case its value is 14 x 30 days. Sharpness parameter b of the sigmoid function, can be calculated empirically. As a result, overall hazard rate function is given as ... [Pg.1875]

Time-Dependent Failure Rate (or Hazard Rate) Function... [Pg.44]

The time-dependent failure rate (or hazard rate) function is defined by... [Pg.44]

Earthquake Recurrence, Fig. 2 Probability density functions and hazard rate functions for the Poisson model (panel a), the Weibull model (panel b), the gamma model (panel c), and the lognormal model... [Pg.790]

Earthquake Recurrence, Fig. 5 Probability density function and hazard rate function for the generalized Poisson... [Pg.797]


See other pages where Hazard rate function is mentioned: [Pg.1874]    [Pg.1875]    [Pg.1875]    [Pg.1875]    [Pg.1875]    [Pg.1875]    [Pg.31]    [Pg.31]    [Pg.51]   


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