Weibull

Continuous distribution for reliability data and survival times.

Parameters

Location: Minimum value of the distribution.

Shape: Shape of the distribution.

Scale: Scale of the distribution.

Applications

Applied in modeling equipment lifespans and failure rates in infrastructure and energy assets, wind speeds in renewables models, and time to default in credit risk.

To apply Monte Carlo simulations to the inputs/outputs of your model, see the Scenarios - Monte Carlo module.

Weibull

Outputs

Plot: Histogram of the distribution with selected Confidence Interval.

Data: Confidence Intervals, Summary Statistics and Percentiles. See a sample Monte Carlo output.

View demo for Normal distribution

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