The New Zenga curve in the context of reliability analysis

ABSTRACT

In this article, we look into the properties and characterizations of the New Zenga curve. The relationship of the curve with other measures of inequality as well as some reliability concepts are examined. Classification of lifetime distributions using the Zenga curve and an illustration for the behaviour of the curve using a survival data are also provided.

KEYWORDS:

• Characterization
• Quantile function
• Measures of income inequality
• Reliability measures

Mathematics Subject Clssification:

• 62N05
• 62E05