ENGLISH

Renewal Processes

By Kosto V. Mitov , Edward Omey (auth.)

Book information

Publisher
Springer International Publishing
Year
2014
ISBN
978-3-319-05854-2, 978-3-319-05855-9
DOI
10.1007/978-3-319-05855-9
Language
english
Format
PDF
Filesize
1 MB (1434638 bytes)
Series
SpringerBriefs in Statistics
Edition
1
Pages
122\128
Time added
2014-06-12 06:00:00
Probability Theory and Stochastic Processes; Stati

Description

This monograph serves as an introductory text to classical renewal theory and some of its applications for graduate students and researchers in mathematics and probability theory. Renewal processes play an important part in modeling many phenomena in insurance, finance, queuing systems, inventory control and other areas. In this book, an overview of univariate renewal theory is given and renewal processes in the non-lattice and lattice case are discussed. A pre-requisite is a basic knowledge of probability theory.

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