Abstract:
This work considers optimal planning of progressive type-I interval censoring schemes for log-location-scale family of distributions. Optimum schemes are obtained by using a Bayesian C-optimality design criterion. The C-optimality criterion is formed to attain precision in estimating a particular lifetime quantile. An algorithm is proposed to obtain the optimal censoring schemes. Optimal schemes are obtained under two different scenarios for the Weibull and log-normal models, which are two popular special cases of log-location-scale family of distributions. A sensitivity analysis is conducted to study the effect of various prior inputs on the optimal censoring schemes. Furthermore, a simulation study is undertaken to illustrate the sampling variations resulting from the optimal censoring schemes.
