On the univariate variability orders of fuzzy random variables
International Journal of Development Research
On the univariate variability orders of fuzzy random variables
Received 25th December, 2016, Received in revised form 24th January, 2017, Accepted 21st February, 2017, Published online 31st March, 2017
Copyright©2017, Earnest Lazarus Piriyakumar and Deepa. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
In this paper, we study stochastic orders that compare the variability or the dispersion of fuzzy random variable. The most important and common order that has studied in this paper are the convex and the dispersive order. We also study in this paper the excess wealth order which is found to be useful in the increasing order of application. Various related order are also examined in the paper.
