Dynamic Information Volatility Function

Authors

  • Rajesh Ganapathi Cochin University of Science and Technology
  • Sreenarayanapurath Madhavan Sunoj Cochin University of Science and Technology https://orcid.org/0000-0002-6227-1506
  • Paduthol Godan Sankaran Cochin University of Science and Technology

DOI:

https://doi.org/10.6092/issn.1973-2201/8748

Keywords:

Shannon entropy, Information volatity, Reliability measures, Stochastic orders, Characterization

Abstract

Liu (2007) discussed a new measure, known as the information volatility function to study the variability of the uncertainty contained in a probability distribution. In the present paper, we extend this concept to the residual random variable, a dynamic information volatility function and study its usefulness in reliability modelling. Different ageing and characterization properties of dynamic information volatility function are also derived.

References

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Published

2021-01-11

How to Cite

Ganapathi, R., Sunoj, S. M., & Sankaran, P. G. (2020). Dynamic Information Volatility Function. Statistica, 80(3), 233–243. https://doi.org/10.6092/issn.1973-2201/8748

Issue

Vol. 80 No. 3 (2020)

Section

Articles

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