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MEAN RESIDUAL LIFE FUNCTION FOR ADDITIVE AND MULTIPLICATIVE HAZARD RATE MODELS
Published online by Cambridge University Press: 15 December 2015
Abstract
This paper deals with the mean residual life function (MRLF) and its monotonicity in the case of additive and multiplicative hazard rate models. It is shown that additive (multiplicative) hazard rate does not imply reduced (proportional) MRLF and vice versa. Necessary and sufficient conditions are obtained for the two models to hold simultaneously. In the case of non-monotonic failure rates, the location of the turning points of the MRLF is investigated in both the cases. The case of random additive and multiplicative hazard rate is also studied. The monotonicity of the mean residual life is studied along with the location of the turning points. Examples are provided to illustrate the results.
- Type
- Research Article
- Information
- Probability in the Engineering and Informational Sciences , Volume 30 , Issue 2 , April 2016 , pp. 281 - 297
- Copyright
- Copyright © Cambridge University Press 2015
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