A new approach for the derivation of bounds for the Jensen difference

Abstract

There are many useful applications of Jensen's inequality in several fields of science, and due to this reason, a lot of results are devoted to this inequality in the literature. The main theme of this article is to present a new method of finding estimates of the Jensen difference for differentiable functions. By applying definition of convex function, and integral Jensen's inequality for concave function in the identity pertaining the Jensen difference, we derive bounds for the Jensen difference. We present integral version of the bounds in Riemann sense as well. The sharpness of the proposed bounds through examples are discussed, and we conclude that the proposed bounds are better than some existing bounds even with weaker conditions. Also, we present some new variants of the Hermite-Hadamard and Holder inequalities and some new inequalities for geometric, quasi-arithmetic, and power means. Finally, we give some applications in information theory.