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Renewal Processes

Renewal Processes

Paperback

Series: Springerbriefs in Statistics

Probability & Statistics

ISBN10: 3319058541
ISBN13: 9783319058542
Publisher: Springer Nature
Published: May 6 2014
Pages: 122
Weight: 0.43
Height: 0.28 Width: 6.14 Depth: 9.21
Language: English
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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Probability & Statistics