IDEAS home Printed from https://ideas.repec.org/a/gam/jmathe/v8y2020i10p1823-d430545.html
   My bibliography  Save this article

Stochastic Aspects of Proportional Vitalities Model

Author

Listed:
  • Mansour Shrahili

    (Department of Statistics and Operations Research, College of Science, King Saud University, Riyadh 11362, Saudi Arabia)

  • Abdulhakim A. Albabtain

    (Department of Statistics and Operations Research, College of Science, King Saud University, Riyadh 11362, Saudi Arabia)

  • Mohamed Kayid

    (Department of Statistics and Operations Research, College of Science, King Saud University, Riyadh 11362, Saudi Arabia
    Department of Mathematics and Computer Science, Faculty of Science, Suez University, Suez 43511, Egypt)

  • Zahra Kaabi

    (Department of Statistics and Operations Research, College of Science, King Saud University, Riyadh 11362, Saudi Arabia)

Abstract

In this paper, a family of models requiring proportional mean life vitalities is considered. The problem of estimation of the parameter(s) of the model is studied in two cases of known and unknown baselines along with some simulation studies to detect the adequacy of fitting. Closure and preservation properties of some ageing classes and stochastic orders are derived.

Suggested Citation

  • Mansour Shrahili & Abdulhakim A. Albabtain & Mohamed Kayid & Zahra Kaabi, 2020. "Stochastic Aspects of Proportional Vitalities Model," Mathematics, MDPI, vol. 8(10), pages 1-14, October.
  • Handle: RePEc:gam:jmathe:v:8:y:2020:i:10:p:1823-:d:430545
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2227-7390/8/10/1823/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2227-7390/8/10/1823/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ebrahim Amini-Seresht & Baha-Eldin Khaledi, 2015. "Multivariate stochastic comparisons of mixture models," Metrika: International Journal for Theoretical and Applied Statistics, Springer, vol. 78(8), pages 1015-1034, November.
    2. Barmalzan, Ghobad & Payandeh Najafabadi, Amir T., 2015. "On the convex transform and right-spread orders of smallest claim amounts," Insurance: Mathematics and Economics, Elsevier, vol. 64(C), pages 380-384.
    3. Majid Rezaei, 2016. "On proportional mean past lifetimes model," Communications in Statistics - Theory and Methods, Taylor & Francis Journals, vol. 45(14), pages 4035-4047, July.
    4. David J. Sharrow & James J. Anderson, 2016. "Quantifying Intrinsic and Extrinsic Contributions to Human Longevity: Application of a Two-Process Vitality Model to the Human Mortality Database," Demography, Springer;Population Association of America (PAA), vol. 53(6), pages 2105-2119, December.
    5. M. Kayid & S. Izadkhah & H. Alhalees, 2014. "Reliability Analysis of the Proportional Mean Residual Life Order," Mathematical Problems in Engineering, Hindawi, vol. 2014, pages 1-8, August.
    6. James W. Vaupel & Annette Baudisch & Martin Dölling & Deborah A. Roach & Jutta Gampe, 2004. "The case for negative senescence," MPIDR Working Papers WP-2004-002, Max Planck Institute for Demographic Research, Rostock, Germany.
    7. 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.
    8. Nanda, Asok K. & Bhattacharjee, Subarna & Alam, S.S., 2006. "Properties of proportional mean residual life model," Statistics & Probability Letters, Elsevier, vol. 76(9), pages 880-890, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Chrys Caroni, 2022. "Regression Models for Lifetime Data: An Overview," Stats, MDPI, vol. 5(4), pages 1-11, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mohamed Kayid & Mansour Shrahili, 2023. "Characterization Results on Lifetime Distributions by Scaled Reliability Measures Using Completeness Property in Functional Analysis," Mathematics, MDPI, vol. 11(6), pages 1-15, March.
    2. Yang, Yang & Liu, Jie & Hu, Taizhong, 2023. "Capital allocation and pricing decisions under trade credit with time-sensitive stochastic demand," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 173(C).
    3. Santiago R. Balseiro & Ozan Candogan & Huseyin Gurkan, 2021. "Multistage Intermediation in Display Advertising," Manufacturing & Service Operations Management, INFORMS, vol. 23(3), pages 714-730, May.
    4. Yang, Honglin & Zhuo, Wenyan & Shao, Lusheng & Talluri, Srinivas, 2021. "Mean-variance analysis of wholesale price contracts with a capital-constrained retailer: Trade credit financing vs. bank credit financing," European Journal of Operational Research, Elsevier, vol. 294(2), pages 525-542.
    5. Lei Xu & Govindan Kannan & Xiaoli Yang & Jian Li & Xiukun Zhao, 2013. "Pricing and Allotment in a Sea-Cargo Supply Chain with Reference Effect: A Dynamic Game Approach," Discrete Dynamics in Nature and Society, Hindawi, vol. 2013, pages 1-10, March.
    6. Panos Kouvelis & Wenhui Zhao, 2012. "Financing the Newsvendor: Supplier vs. Bank, and the Structure of Optimal Trade Credit Contracts," Operations Research, INFORMS, vol. 60(3), pages 566-580, June.
    7. Karimi, Majid & Zaerpour, Nima, 2022. "Put your money where your forecast is: Supply chain collaborative forecasting with cost-function-based prediction markets," European Journal of Operational Research, Elsevier, vol. 300(3), pages 1035-1049.
    8. Schweizer, Nikolaus & Szech, Nora, 2015. "A quantitative version of Myerson regularity," Working Paper Series in Economics 76, Karlsruhe Institute of Technology (KIT), Department of Economics and Management.
    9. Yunzeng Wang, 2006. "Joint Pricing-Production Decisions in Supply Chains of Complementary Products with Uncertain Demand," Operations Research, INFORMS, vol. 54(6), pages 1110-1127, December.
    10. Lu, Xiangyuan & Wu, Zhiqiao, 2020. "How taxes impact bank and trade financing for Multinational Firms," European Journal of Operational Research, Elsevier, vol. 286(1), pages 218-232.
    11. Lingxiu Dong & Nils Rudi, 2004. "Who Benefits from Transshipment? Exogenous vs. Endogenous Wholesale Prices," Management Science, INFORMS, vol. 50(5), pages 645-657, May.
    12. Sheopuri, Anshul & Zemel, Eitan, 2010. "A note on the properties of the optimal solution(s) of the Greed and Regret problem," European Journal of Operational Research, Elsevier, vol. 204(3), pages 690-693, August.
    13. Jiri Chod & Nils Rudi, 2005. "Resource Flexibility with Responsive Pricing," Operations Research, INFORMS, vol. 53(3), pages 532-548, June.
    14. Zelong Yi & Yulan Wang & Ying‐Ju Chen, 2021. "Financing an Agricultural Supply Chain with a Capital‐Constrained Smallholder Farmer in Developing Economies," Production and Operations Management, Production and Operations Management Society, vol. 30(7), pages 2102-2121, July.
    15. Hostenkamp, Gisela & Stolpe, Michael, 2008. "Optimal health and retirement policies amid population aging," Kiel Working Papers 1428, Kiel Institute for the World Economy (IfW Kiel).
    16. Hu, Qiying & Wei, Yihua & Xia, Yusen, 2010. "Revenue management for a supply chain with two streams of customers," European Journal of Operational Research, Elsevier, vol. 200(2), pages 582-598, January.
    17. Fernando Bernstein & Gregory A. DeCroix, 2004. "Decentralized Pricing and Capacity Decisions in a Multitier System with Modular Assembly," Management Science, INFORMS, vol. 50(9), pages 1293-1308, September.
    18. Yao, Z. & Leung, Stephen C.H. & Lai, K.K., 2008. "Analysis of the impact of price-sensitivity factors on the returns policy in coordinating supply chain," European Journal of Operational Research, Elsevier, vol. 187(1), pages 275-282, May.
    19. Xie, Xiaofeng & Shi, Xinyu & Gu, Jing & Xu, Xun, 2023. "Examining the Contagion Effect of Credit Risk in a Supply Chain under Trade Credit and Bank Loan Offering," Omega, Elsevier, vol. 115(C).
    20. Wang, Xiuli & Zhu, Qianqian & Cheng, T.C.E., 2015. "Subcontracting price schemes for order acceptance and scheduling," Omega, Elsevier, vol. 54(C), pages 1-10.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jmathe:v:8:y:2020:i:10:p:1823-:d:430545. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.