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Research Details

A Note on Probability Distributions with Increasing Generalized Failure Rates, Operations Research

Abstract

Distributions with an increasing generalized failure rate (IGFR) have useful applications in pricing and supply chain contracting problems. We provide alternative characterizations of the IGFR property that lead to simplify verifying whether the IGFR condition holds. We also relate the limit of the generalized failure rate and the moments of a distribution.

Type

Article

Author(s)

Martin Lariviere

Date Published

2006

Citations

Lariviere, Martin. 2006. A Note on Probability Distributions with Increasing Generalized Failure Rates. Operations Research. 54(3): 602-604.

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