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On random age and remaining lifetime for populations of items
- Source :
- Applied Stochastic Models in Business and Industry. 31:681-689
- Publication Year :
- 2014
- Publisher :
- Wiley, 2014.
-
Abstract
- We consider items that are incepted into operation having already a random initial age and define the corresponding remaining lifetime. We show that these lifetimes are identically distributed when the age distribution is equal to the equilibrium distribution of the renewal theory. Then we develop the population studies approach to the problem and generalize the setting in terms of stationary and stable populations of items. We obtain new stochastic comparisons for the corresponding population ages and remaining lifetimes that can be useful in applications. Copyright © 2014 John Wiley & Sons, Ltd.
- Subjects :
- Independent and identically distributed random variables
education.field_of_study
Distribution (number theory)
Population
Management Science and Operations Research
Stable Populations
Stationary sequence
General Business, Management and Accounting
Stochastic ordering
Modeling and Simulation
Statistics
Econometrics
Age distribution
Renewal theory
education
Mathematics
Subjects
Details
- ISSN :
- 15241904
- Volume :
- 31
- Database :
- OpenAIRE
- Journal :
- Applied Stochastic Models in Business and Industry
- Accession number :
- edsair.doi...........209282eb524a72c913684b98b29cc4e4
- Full Text :
- https://doi.org/10.1002/asmb.2073