We compute the intrinsic isotropic peak luminosity function (LF) and formation rate of long gamma-ray bursts (LGRBs) using a novel approach. We complement a standard log,,–,log, brightness distribution and estimations with two observation-time relations: a redshift–observation-time relation (log,,–,log,) and a new luminosity–observation-time relation (log,,–,log,). We show that this approach reduces degeneracies that exist between the rate and LF of a brightness distribution. To account for the complex triggering algorithm employed by \emph{Swift} we use recent results of \citet{Lien_2014ApJ} to produce a suite of efficiency functions. Using these functions with the above methods, we show that a log,,–,log, method can provide good constraints on the form of the LF, particularly the high end. Using a sample of 175 peak luminosities determined from redshifts with well defined selection criteria our results suggest that LGRBs occur at a local rate (without beaming corrections) of $[,0.7 < \rho_{0} < 0.8,],^{-3}^{-1}$. Within this range, assuming a broken-power-law LF, we find best estimates for the low and high energy indices of and respectively, separated by a break luminosity ,erg,s.

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