On a characterization of right spread order by the increasing convex order (Q1807828)
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English | On a characterization of right spread order by the increasing convex order |
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On a characterization of right spread order by the increasing convex order (English)
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3 August 2000
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The author characterizes the right spread order [which is also called the excess wealth order by the reviewer and \textit{J. G. Shanthikumar}, Probab. Eng. Inform. Sci. 12, 1-23 (1998)] by means of the increasing convex order. He also provides characterizations of the DMRL (decreasing mean residual life) and the IMRL (increasing mean residual life) classes by means of the right spread order of residual lives.
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decreasing mean residual life
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increasing mean residual life
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