Selling to the Newsvendor: An Analysis of Price-Only Contracts
Manufacturing & Service Operations Management
Relationships Among Three Assumptions in Revenue Management
Operations Research
A Note on Probability Distributions with Increasing Generalized Failure Rates
Operations Research
Intrinsic aging and classes of nonparametric distributions
Probability in the Engineering and Informational Sciences
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Increasing generalized failure rate (IGFR) distributions were introduced as a tool in the study of contracting mechanisms in supply chains. In this note, we compare and contrast the closure-and the lack thereof-of IGFR and increasing failure rate (IFR) distributions with respect to standard operations on random variables. Some implications of these results for the use of IGFR distributions in supply chain models are noted.