Many situations in our daily life can be modeled as renewal processes. Two examples are arrivals of claims in an insurance company and arrivals of passengers at a train station, if the inter-arrival times between consecutive claims or passengers are assumed to be independent and identically distributed (iid) non-negative random variables. In these examples the number of claims or passengers arrived during the interval (0, t), t > 0, is usually taken as a formal definition of a renewal process.


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    Title :

    Renewal Processes and Repairable Systems


    Contributors:
    by Suyono (author)

    Publication date :

    2003


    Size :

    140 pages



    Type of media :

    Report


    Type of material :

    No indication


    Language :

    English




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