Austrian Journal of Statistics (Jan 2024)
Statistical Distributions for Damage Modelling: A Retrospect
Abstract
This paper reviews works on statistical damage modelling. Available literature shows that this method is flexible for modelling under-reporting and over-reporting of income, optimal replacement, accelerated test models, man-power analysis, rock compression, inventory analysis, power distribution etc . Additive and multiplicative damage models are discussed and additional literature on multivariate damage modelling are also provided. Characterizations of various distributions are discussed.