RDP 2015-10: The Life of Australian Banknotes Equation

E ( t ) = t l ( t ) d t = 0 t e x β / k k λ ( e x β / k t λ ) k 1 ( e ( e x β / k t λ ) k ) d t = 0 k ( e x β / k t λ ) k ( e ( e x β / k t λ ) k ) d t = 0 k u ( e u ) λ k e x β / k u 1 k 1 d u where u = ( e x β / k t λ ) k and d u d t = k t k 1 λ k ( e x β / k ) k = λ e x β / k 0 u 1 k ( e u ) d u = λ e x β / k Γ ( 1 + 1 k ) MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaWGfb WaaeWaaeaacaWG0baacaGLOaGaayzkaaGaeyypa0Zaa8qaaeaacaWG 0bGaamiBamaabmaabaGaamiDaaGaayjkaiaawMcaaiaadsgacaWG0b aaleqabeqdcqGHRiI8aaGcbaGaeyypa0Zaa8qmaeaacaWG0bGaamyz amaaCaaaleqabaGabmiEayaafaGaeqOSdiMaai4laiaadUgaaaaaba GaaGimaaqaaiabg6HiLcqdcqGHRiI8aOWaaSaaaeaacaWGRbaabaGa eq4UdWgaamaabmaabaGaamyzamaaCaaaleqabaGabmiEayaafaGaeq OSdiMaai4laiaadUgaaaGcdaWcaaqaaiaadshaaeaacqaH7oaBaaaa caGLOaGaayzkaaWaaWbaaSqabeaacaWGRbGaeyOeI0IaaGymaaaakm aabmaabaGaamyzamaaCaaaleqabaGaeyOeI0YaaeWaaeaacaWGLbWa aWbaaWqabeaaceWG4bGbauaacqaHYoGycaGGVaGaam4Aaaaalmaala aabaGaamiDaaqaaiabeU7aSbaaaiaawIcacaGLPaaadaahaaadbeqa aiaadUgaaaaaaaGccaGLOaGaayzkaaGaamizaiaadshaaeaacqGH9a qpdaWdXaqaaiaadUgaaSqaaiaaicdaaeaacqGHEisPa0Gaey4kIipa kmaabmaabaGaamyzamaaCaaaleqabaGabmiEayaafaGaeqOSdiMaai 4laiaadUgaaaGcdaWcaaqaaiaadshaaeaacqaH7oaBaaaacaGLOaGa ayzkaaWaaWbaaSqabeaacaWGRbaaaOWaaeWaaeaacaWGLbWaaWbaaS qabeaacqGHsisldaqadaqaaiaadwgadaahaaadbeqaaiqadIhagaqb aiabek7aIjaac+cacaWGRbaaaSWaaSaaaeaacaWG0baabaGaeq4UdW gaaaGaayjkaiaawMcaamaaCaaameqabaGaam4AaaaaaaaakiaawIca caGLPaaacaWGKbGaamiDaaqaaiabg2da9maapedabaGaam4Aaiaadw haaSqaaiaaicdaaeaacqGHEisPa0Gaey4kIipakmaabmaabaGaamyz amaaCaaaleqabaGaeyOeI0IaamyDaaaaaOGaayjkaiaawMcaamaala aabaGaeq4UdWgabaGaam4AaiaadwgadaahaaWcbeqaaiqadIhagaqb aiabek7aIjaac+cacaWGRbaaaaaakiaadwhadaahaaWcbeqaamaala aabaGaaGymaaqaaiaadUgaaaGaeyOeI0IaaGymaaaakiaadsgacaWG 1bGaaGPaVlaabEhacaqGObGaaeyzaiaabkhacaqGLbGaaGPaVlaadw hacqGH9aqpdaqadaqaaiaadwgadaahaaWcbeqaaiqadIhagaqbaiab ek7aIjaac+cacaWGRbaaaOWaaSaaaeaacaWG0baabaGaeq4UdWgaaa GaayjkaiaawMcaamaaCaaaleqabaGaam4AaaaakiaabggacaqGUbGa aeizamaalaaabaGaamizaiaadwhaaeaacaWGKbGaamiDaaaacqGH9a qpcaWGRbWaaSaaaeaacaWG0bWaaWbaaSqabeaacaWGRbGaeyOeI0Ia aGymaaaaaOqaaiabeU7aSnaaCaaaleqabaGaam4AaaaaaaGcdaqada qaaiaadwgadaahaaWcbeqaaiqadIhagaqbaiabek7aIjaac+cacaWG RbaaaaGccaGLOaGaayzkaaWaaWbaaSqabeaacaWGRbaaaaGcbaGaey ypa0ZaaSaaaeaacqaH7oaBaeaacaWGLbWaaWbaaSqabeaaceWG4bGb auaacqaHYoGycaGGVaGaam4AaaaaaaGcdaWdXaqaaiaadwhadaahaa WcbeqaamaalaaabaGaaGymaaqaaiaadUgaaaaaaaqaaiaaicdaaeaa cqGHEisPa0Gaey4kIipakmaabmaabaGaamyzamaaCaaaleqabaGaey OeI0IaamyDaaaaaOGaayjkaiaawMcaaiaadsgacaWG1baabaGaeyyp a0ZaaSaaaeaacqaH7oaBaeaacaWGLbWaaWbaaSqabeaaceWG4bGbau aacqaHYoGycaGGVaGaam4AaaaaaaGccqqHtoWrdaqadaqaaiaaigda cqGHRaWkdaWcaaqaaiaaigdaaeaacaWGRbaaaaGaayjkaiaawMcaaa aaaa@FA29@