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Abstract
This article introduces the mixed Gamma Lindley (GL) distribution, combining Lindley’s failure-time modeling with Gamma’s heavy-tailed flexibility via a novel mixing method. We establish its corrected mathematical foundation, proving three key theoretical results: a Modality Theorem governing density shape, Mean Residual Life convergence to a finite bound, and classification within the Gumbel maximum domain of attraction. Global identifiability ensures consistent Maximum Likelihood Estimation. Applied to Canadian Wheaton River flood peaks (n=72), GL outperforms ten competitive models. Comprehensive risk analysis using Value-at-Risk (VaR), Tail-VaR (T-VaR), Tail Variance (TV_c), Tail Mean Variance (TMV_c), Mean of Order-P (MOO-P), and Peaks-Over-Random-Threshold VaR (PORT-VaR) confirms heavy-tailed behavior (Hill index ≈ 0.18) and provides coherent, actionable engineering thresholds for flood infrastructure design under climate uncertainty. This work bridges advanced statistical theory with practical hydrological engineering, offering a robust tool for managing extreme environmental risks under climate uncertainty.
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