Dynamic mixing probability measures of mixtures |
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Authors: | Ji Hwan Cha Jie Mi |
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Institution: | 1. Department of Statistics, Ewha Womans University, Seoul, Republic of Koreajhcha@ewha.ac.kr;3. Department of Mathematics and Statistics, Florida International University, Miami, Florida, USA |
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Abstract: | ABSTRACTLifetime of heterogeneous population can be modeled as mixture of a family of lifetime distributions according to a mixing probability measure. With the help of dynamic mixing measure, the hazard rate of the mixture can also be expressed as the mixture of the hazard rates of the lifetime distributions. Various local stochastic orderings are defined in this article. Applying these local stochastic orderings, we can explore the behavior of the dynamic mixing measures locally and then compare the hazard rates of two heterogeneous populations in both the local and global ways. |
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Keywords: | Dynamic mixing measure Hazard rate Heterogeneous populations Local stochastic order |
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