In this article, we propose a flexible extension of the Chen model, termed the odd inverse Pareto–Chen (OIPC) distribution. The proposed distribution accommodates a wide range of failure rate shapes, including decreasing, increasing, J-shaped, reversed J-shaped, bathtub, and upside-down bathtub forms. In addition, its density function is capable of capturing right-skewed, left-skewed, symmetric, J-shaped, reversed J-shaped, and concave-down shapes. Its fundamental mathematical properties are thoroughly investigated. The parameters of the OIPC distribution are estimated using eight well-established estimation methods. An extensive simulation study is conducted to assess the performance of these estimators under both small and large sample sizes. The practical relevance of the proposed model is demonstrated through the analysis of four real-world datasets drawn from engineering and medical applications. The empirical findings highlight the remarkable flexibility of the OIPC distribution, which consistently outperforms several competing models, suggesting it as a promising alternative for modeling data in insurance and finance sectors.
Citation: Fatimah M. Alghamdi, Ekramy A. Hussein, Mohammed Alqawba, Hassan M. Aljohani, Ahmed Z. Afify. The inverse Pareto–Chen distribution with properties and applications to real-world data across multiple fields[J]. AIMS Mathematics, 2026, 11(8): 23718-23774. doi: 10.3934/math.2026955
In this article, we propose a flexible extension of the Chen model, termed the odd inverse Pareto–Chen (OIPC) distribution. The proposed distribution accommodates a wide range of failure rate shapes, including decreasing, increasing, J-shaped, reversed J-shaped, bathtub, and upside-down bathtub forms. In addition, its density function is capable of capturing right-skewed, left-skewed, symmetric, J-shaped, reversed J-shaped, and concave-down shapes. Its fundamental mathematical properties are thoroughly investigated. The parameters of the OIPC distribution are estimated using eight well-established estimation methods. An extensive simulation study is conducted to assess the performance of these estimators under both small and large sample sizes. The practical relevance of the proposed model is demonstrated through the analysis of four real-world datasets drawn from engineering and medical applications. The empirical findings highlight the remarkable flexibility of the OIPC distribution, which consistently outperforms several competing models, suggesting it as a promising alternative for modeling data in insurance and finance sectors.
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