Multivariate hazard rate orders

Taizhong Hu, Baha-Eldin Khaledi and Moshe Shaked

Journal of Multivariate Analysis, 2003, vol. 84, issue 1, 173-189

Abstract: Two multivariate hazard rate stochastic orders are introduced and studied. Their meaning, properties, and relationship to other common stochastic orders are examined and investigated. Some examples that illustrate the theory are detailed. Finally, some applications of the new orders in reliability theory and in actuarial science are described.

Keywords: Likelihood; ratio; order; Stochastic; order; Upper; orthant; order; Total; positivity; Hazard; gradient; Preservation; properties; Mixtures; Multivariate; Pareto; distribution; Multivariate; Marshall-Olkin; distribution; Farlie-Gumbel-Morgenstern; distribution; Multivariate; mean; residual; life; functions; Accelerated; life; testing; Random; environments; k-out-of-n; systems; Shock; models; Claim; models; Scaled; lifetimes (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (14)

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