Properties of a mean residual life function arising from renewal theory

N. Unnikrishnan Nair and P.G. Sankaran

Naval Research Logistics (NRL), 2010, vol. 57, issue 4, 373-379

Abstract: The present article discusses the properties of the mean residual life function in a renewal process. We examine the relationship this function has with the failure rate function and the conventional mean, variance and coefficient of variation of residual life. We also discuss some monotonicity properties of the mean residual life function. A partial order based on the renewal mean residual function is introduced along with its interrelationship with some existing stochastic orders. © 2010 Wiley Periodicals, Inc. Naval Research Logistics, 2010

Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:wly:navres:v:57:y:2010:i:4:p:373-379

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