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 |
|---|---|
| Journal | Statistics and Probability Letters |
| Volume | 17 |
| DOIs | |
| State | Published - May 3 1993 |
Disciplines
- Mathematics