Generalized δ-shock model via runs
AbstractAccording to the δ-shock model, the system fails when the time between two consecutive shocks falls below a fixed threshold δ. This model has a potential application in various fields such as inventory, insurance and system reliability. In this paper, we study run-related generalization of this model such that the system fails when k consecutive interarrival times are less than a threshold δ. The survival function and the mean value of the failure time of the system are explicitly derived for exponentially distributed interarrival times. We also propose a new combined shock model which considers both the magnitudes of successive shocks and the interarrival times.
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Bibliographic InfoArticle provided by Elsevier in its journal Statistics & Probability Letters.
Volume (Year): 82 (2012)
Issue (Month): 2 ()
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Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/622892/description#description
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- Philippou, Andreas N. & Georghiou, Costas & Philippou, George N., 1983. "A generalized geometric distribution and some of its properties," Statistics & Probability Letters, Elsevier, vol. 1(4), pages 171-175, June.
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