Abstract

We present sharp mean–variance bounds for expectations of kth record values based on distributions coming from restricted families of distributions. These families are defined in terms of convex or star ordering with respect to generalized Pareto distribution. The bounds for expectations of kth record values from DD, DFR, DDA, and DFRA families are special cases of our results. The bounds are derived by application of the projection method.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call