Percentile residual life orders

Alba M. Franco‐Pereira, Rosa E. Lillo, Juan Romo and Moshe Shaked

Applied Stochastic Models in Business and Industry, 2011, vol. 27, issue 3, 235-252

Abstract: In this paper we study a family of stochastic orders of random variables defined via the comparison of their percentile residual life functions. Some interpretations of these stochastic orders are given, and various properties of them are derived. The relationships to other stochastic orders are also studied. Finally, some applications in reliability theory and finance are described. Copyright © 2010 John Wiley & Sons, Ltd.

Date: 2011
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https://doi.org/10.1002/asmb.825

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Persistent link: https://EconPapers.repec.org/RePEc:wly:apsmbi:v:27:y:2011:i:3:p:235-252

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