Percentile Residual Life Orders Articles uri icon

publication date

  • May 2011

start page

  • 235

end page

  • 252

issue

  • 3

volume

  • 27

international standard serial number (ISSN)

  • 1524-1904

electronic international standard serial number (EISSN)

  • 1526-4025

abstract

  • In this paper we study a family of stochastic orders of random variables defined via the comparison of their percentile residual life functions. Some interpretations of these stochastic orders are given, and various properties of them are derived. The relationships to other stochastic orders are also studied. Finally, some applications in reliability theory and finance are described.