(Elsevier, 2021) Bayramoğlu, Ismihan; Gebizlioğlu, Ömer Lütfi; International Trade and Finance; 03. Faculty of Economics, Administrative and Social Sciences; 01. Kadir Has University
We introduce a max–min model to bivariate random sequences and applying bivariate binomial distribution in fourfold scheme derive the distributions of associated order statistics in a new model. Some examples for special cases are presented and applications of the results in reliability analysis and actuarial sciences are discussed.