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A Note on Probability Distributions with Increasing Generalized Failure Rates

Author

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  • Martin A. Lariviere

    (Kellogg School of Management, Northwestern University, 2001 Sheridan Road, Evanston, Illinois 60208-2009)

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.

Suggested Citation

  • Martin A. Lariviere, 2006. "A Note on Probability Distributions with Increasing Generalized Failure Rates," Operations Research, INFORMS, vol. 54(3), pages 602-604, June.
    • Handle: RePEc:inm:oropre:v:54:y:2006:i:3:p:602-604
    DOI: 10.1287/opre.1060.0282
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    References listed on IDEAS

    as
    1. Jan A. Van Mieghem & Maqbool Dada, 1999. "Price Versus Production Postponement: Capacity and Competition," Management Science, INFORMS, vol. 45(12), pages 1639-1649, December.
    2. Anand Paul, 2005. "A Note on Closure Properties of Failure Rate Distributions," Operations Research, INFORMS, vol. 53(4), pages 733-734, August.
    3. Martin A. Lariviere & Evan L. Porteus, 2001. "Selling to the Newsvendor: An Analysis of Price-Only Contracts," Manufacturing & Service Operations Management, INFORMS, vol. 3(4), pages 293-305, May.
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    probability distributions;

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