Dynamic multivariate quantile residual life in reliability theory (Q1720378): Difference between revisions

Summary: We extend the univariate \(\alpha \)-quantile residual life function to multivariate setting preserving its dynamic feature. Principal attributes of this function are derived and their relationship to the dynamic multivariate hazard rate function is discussed. A corresponding ordering, namely, \( \alpha \)-quantile residual life order, for random vectors of lifetimes is introduced and studied. Based on the proposed ordering, a notion of positive dependency is presented. Finally, a discussion about conditions characterizing the class of decreasing multivariate \(\alpha \)-quantile residual life functions is pointed out.