| Article ID: | iaor20103531 |
| Volume: | 57 |
| Issue: | 4 |
| Start Page Number: | 373 |
| End Page Number: | 379 |
| Publication Date: | Jun 2010 |
| Journal: | Naval Research Logistics |
| Authors: | Unnikrishnan Nair N, Sankaran P G |
| Keywords: | life cycle assessment, renewal processes |
The present article discusses the properties of the mean residual life function in a renewal process. We examine the relationship this function has with the failure rate function and the conventional mean, variance and coefficient of variation of residual life. We also discuss some monotonicity properties of the mean residual life function. A partial order based on the renewal mean residual function is introduced along with its interrelationship with some existing stochastic orders.