ITERATED FAILURE RATE MONOTONICITY AND ORDERING RELATIONS WITHIN GAMMA AND WEIBULL DISTRIBUTIONS

Stochastic ordering of random variables may be defined by the relative convexity of the tail functions. This has been extended to higher order stochastic orderings, by iteratively reassigning tail-weights. The actual verification of stochastic orderings is not simple, as this depends on inverting di...

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Detalhes bibliográficos
Autor principal: Arab, Idir (author)
Outros Autores: Oliveira, Paulo (author)
Formato: article
Idioma:por
Publicado em: 2018
Assuntos:
Texto completo:http://hdl.handle.net/10316/84950
País:Portugal
Oai:oai:estudogeral.sib.uc.pt:10316/84950
Descrição
Resumo:Stochastic ordering of random variables may be defined by the relative convexity of the tail functions. This has been extended to higher order stochastic orderings, by iteratively reassigning tail-weights. The actual verification of stochastic orderings is not simple, as this depends on inverting distribution functions for which there may be no explicit expression. The iterative definition of distributions, of course, contributes to make that verification even harder. We have a look at the stochastic ordering, introducing a method that allows for explicit usage, applying it to the Gamma and Weibull distributions, giving a complete description of the order of relations within each of these families.