A Note on Probability Distributions with Increasing Generalized Failure Rates
Operations Research · 2006 · Volume 54 · Issue 3
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.
Keywords
probability distributions
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