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On closed form expressions for probability of operational success and expected lifetime

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  • Nadarajah, Saralees

Abstract

Evatt et al. (2011) [5] claim to give closed form expressions for “probability of operational success and expected lifetime”. However, the integral expressions they provide are not in closed form according to standard convention. We derive closed form expressions by exploiting some known special functions and provide computer codes for them.

Suggested Citation

  • Nadarajah, Saralees, 2015. "On closed form expressions for probability of operational success and expected lifetime," Applied Mathematics and Computation, Elsevier, vol. 262(C), pages 308-311.
    • Handle: RePEc:eee:apmaco:v:262:y:2015:i:c:p:308-311
    DOI: 10.1016/j.amc.2015.04.064
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    References listed on IDEAS

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    1. Evatt, Geoffrey William & Soltan, Mousa Omid & Johnson, Paul V., 2012. "Mineral reserves under price uncertainty," Resources Policy, Elsevier, vol. 37(3), pages 340-345.
    2. Peter W. Duck & Geoffrey W. Evatt & Paul V. Johnson, 2014. "Perpetual Options on Multiple Underlyings," Applied Mathematical Finance, Taylor & Francis Journals, vol. 21(2), pages 174-200, April.
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