Abstract:
Let
$$Y_{mn}=\max_{1\le i\le m}\sum_{j=1}^n X_{ij},\qquad m,n\ge 1,$$
be a family of extremes, where $X_{ij}$, $i,j\ge 1$,
are independent with common subexponential distribution $F$. The limit
behavior of $Y_{mn}$ is investigated as $m,n\to\infty$. Various
nondegenerate limit laws are obtained (Fréchet and Gumbel),
depending on the relative rate of growth of $m,n$ and the tail
behavior of $F$.