Abstract
Two renewal processes, known in reliability maintenance as minimal repair and replacement policy, are considered. Their properties are studied in the case where the generating random sequence has a distribution with periodic failure rate. A characterization theorem establishes necessary and sufficient conditions for a non-stationary Poisson process to have a periodic failure rate. Applications in risk theory are shown.
Original language | American English |
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Journal | Statistics and Probability Letters |
Volume | 17 |
DOIs | |
State | Published - May 3 1993 |
Disciplines
- Mathematics